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Uber has never made money. They haven’t even come close to making money. It’s hard for me to have any sympathy for investors who keep funneling money into a com
by cwhiz 6y ago
Uber has never made money. They haven’t even come close to making money. It’s hard for me to have any sympathy for investors who keep funneling money into a company that defines “success” by lowering their quarterly loss to a mere billion.
It’s not as if this information isn’t public. Everyone can see that Uber can’t make money.
- mullingitover 6y agoAmazon has gone very long stretches without making money, too. They're still a trillion-plus dollar company and nobody seems to care. I was under the impression that the markets that are mature for Uber were profitable, and they've been plowing capital into growth, hence the losses. Feel free to correct me if you have sources that show otherwise.
- theptip 6y agoYou’re being downvoted because this is a commonly quoted and false claim about Amazon; here’s some reading on free cash flow vs. profits that will explain it better than I can: https://www.vox.com/recode/2019/8/21/20826405/amazons-profits-revenue-free-cash-flow-explained-charts https://www.vox.com/recode/2019/8/21/20826405/amazons-profit... Bezos has been clear from the start that he’s optimizing for FCF instead of profitability, you can read his early shareholder letters to see this. In summary though, Amazon has been “making money” for ages, they just reinvest it in R&D so it doesn’t make it down to the bottom line.