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They also have users, a brand, and revenue. They're probably spending all that money on marketing. I'm not going to pretend to be an expert but that's part of b
by twinkletwinkle 10y ago
They also have users, a brand, and revenue. They're probably spending all that money on marketing. I'm not going to pretend to be an expert but that's part of building a company. Gotta spend money to make money.
- matzipan 10y agoThere is no way in hell that loss is going to turn into profit this millenium. Unicorn valuation is basically a very expensive game of hot potato.
- ndirish1842 10y agoThey are profitable in the U.S. They are unprofitable world wide because China and India are newer markets and Uber requires scale to turn profit. As they continue to gain market share and overall ridership/driver-ship, they will become closer and closer to world wide profitably.
- matzipan 10y agoWhy does Uber require scale to return profit?