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Uber is burning a lot of money. We are talking about a few billions. As a user I find Uber and its likes useful because they enable me to travel around the city
by yeukhon 10y ago
Uber is burning a lot of money. We are talking about a few billions. As a user I find Uber and its likes useful because they enable me to travel around the city on-demand. But drivers aren't making enough and a just a single bad review can literally ban a driver from driving (lock your account and you'd have to explain to Uber rere).
Can Uber investors continue to be happy with the rate of money burning? Even if Uber does go to IPO, Uber can't continue to burn money forever. There's almost a burst I am selling...