> lol Uber stock at $48, still well above the IPO. Journalists have been calling for the demise of Uber forever. They need to find a new hobby. Forecasting is n

> lol Uber stock at $48, still well above the IPO. Journalists have been calling for the demise of Uber forever. They need to find a new hobby. Forecasting is not for them. The article mentions that so far Uber has burned through over $20 billion since 2009 and still hasn't turned a profit. The article also points out that Uber and Lyft's own projections didn't showed a profit this year. Unless you expect a company to be perpetually kept afloat by generous millionaire investment rounds, either the cash flow adds up or the current trajectory points to bankruptcy.