3 ms·
Uber just raised $8 billion from the public markets, with a 2018 net operating loss of $3 billion, which gives it closer to 3 years if it doesn’t cut costs or i
by intuitionist 7y ago
Uber just raised $8 billion from the public markets, with a 2018 net operating loss of $3 billion, which gives it closer to 3 years if it doesn’t cut costs or increase revenue or raise more money, all of which it will presumably try to do. I’m bearish on Uber long term but I’d also be happy to take the other side of that bet.