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Uber’s market value has just reached an all-time high

• olivermarks 6y ago
  '...the rebound is a validation of Uber’s decision to go public, even though it continues to set large losses. In the third quarter, the company had a loss of $1.09 billion, which was narrower than the $1.16 billion it lost in the same quarter last year. In the middle of a pandemic, the company has been propped up by delivery and its Uber Eats business, as its main business—ride-hailing—remains weak. ' The valuation makes little sense in the pandemic - their food delivery is weak, they email-offered me $30 towards a meal, a huge loss over all their open accounts if consumed. Taxi service is way down. Too big to fail? https://buildfire.com/uber-statistics/ https://buildfire.com/uber-statistics/