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$891 million*. Incorrect title
by curiousDog 8y ago
$891 million*. Incorrect title
- slaveofallah93 8y agoYep. HN used to spread more fake news.
- toomuchtodo 8y ago$100 million here or there isn’t much of a concern when you’re that unprofitable. What’s Uber going to do, shed their self-driving unit? Their only hope for profitability?
- edoceo 8y agoThat idea has been floated[0] [0] https://www.bloomberg.com/news/articles/2018-08-15/uber-ceo-embraces-losing-money-with-revenue-growth-slowing https://www.bloomberg.com/news/articles/2018-08-15/uber-ceo-...
- toomuchtodo 8y agoEnding their self-driving initiative would expose that their business as-is is fundementally unsustainable (it’s clear expensive incentives are required to continually pull new drivers into the driver pool). They have to continue to try to maintain their valuation and funding, at least until IPO (where they can dump it on public investors).
- dang 8y agoFixed now. Thanks!