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The Uber pitch deck is amusing, including the quote "profitable by design" (Uber is still not profitable 10 years later)
by fenwick67 6y ago
The Uber pitch deck is amusing, including the quote "profitable by design" (Uber is still not profitable 10 years later)
- vertis 6y agoIt's interesting, but there is a real difference between, has found product-market fit but unprofitable because trying to grow in "silicon valley style" and no product-market fit and might never make money. To my mind, Uber chooses to lose money. They don't have to spend 700m a year advertising, and they could probably trim the fat in other areas as well (and have in the case of COVID--19), Leaving COVID--19 alone for a second, the operating expenses have to be taken with a grain of salt, I would be very surprised if they HAVE to do a lot of those to keep the business from falling apart. Ref: https://news.crunchbase.com/news/understanding-uber-loses-money/ https://news.crunchbase.com/news/understanding-uber-loses-mo...