Of course Uber has $2B in annual losses, that's by design. Do you think they would take $13B in VC capital and then not spend the money? The profit margin is s

Of course Uber has $2B in annual losses, that's by design. Do you think they would take $13B in VC capital and then not spend the money? The profit margin is stable at around (100%) because it is kept there artificially, balancing how much of the expansion is paid for with revenue and how much is paid for with VC money. The rest of the article was super interesting - but the conclusion of what Ubers current losses means I think seems off.