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Yes... and I read somewhere (probably from an article posted here but cannot find the reference) that they would run out of cash mid-2019. And their self drivi

• adventured 8y ago
  That's incorrect. At the most recent quarter rate, Uber will burn closer to $1 to $1.2 billion in cash over the next four quarters, assuming zero further margin improvement (unlikely given their growth rate + priority on lowering their burn). It's public information that they currently have $6.3 billion in cash and an available $1.5 billion term loan on top of that. Uber's cash + the loan facility is likely to last a minimum of five years. More likely, they'll reach profitability or near it within six to eight quarters at the rate they're growing the business + reducing losses. A small adjustment (10%) upward in pricing over several quarters, a small reduction in their operational cost to sales ratio, on top of their high growth rate = very easy path to break-even. http://fortune.com/2018/05/24/uber-revenues-sales-drivers-quarter/ http://fortune.com/2018/05/24/uber-revenues-sales-drivers-qu...
  • foobar1962 8y ago
    It was an Ars Technica story from 27 March 2018: >... at its current burn rate the company will run out of money in 2019 if it can't raise more. https://arstechnica.com/cars/2018/03/ubers-self-driving-car-project-is-struggling-the-company-should-sell-it/ https://arstechnica.com/cars/2018/03/ubers-self-driving-car-...