3 ms·
> "We're profitable in the USA, but we're losing over $1 billion a year in China," Uber CEO Travis Kalanick told Canadian technology platform Betakit. I didn't
by mayneack 11y ago
> "We're profitable in the USA, but we're losing over $1 billion a year in China," Uber CEO Travis Kalanick told Canadian technology platform Betakit.
I didn't realize they were profitable here. When did this happen?
- jka 11y agoThere's a chance it's a carefully worded statement - perhaps they're profitable in specific places within the US?
- kagamine 11y agoI can't find the article where i read the numbers (it was on the Guardian news site) but Uber's reported loss for 2015 was in the billions, however, that included income also in the billions. The loss as others here have noted comes from growth and investment. If you segment their operations they appear to be profitable in some regions.