4 ms·
Can you please stop with the false narrative that Uber is using VC money? They haven’t gotten any new investor money since pre-ipo several years ago. It’s a dis
by remflight 4y ago
Can you please stop with the false narrative that Uber is using VC money? They haven’t gotten any new investor money since pre-ipo several years ago. It’s a disingenuous lie to keep claiming “as long as VC money flows”. There isn’t and hasn’t been for years.
- lumost 4y agoThey still lose Billions per year no? Looks like they recorded a 6 Billion dollar Q1 loss. It may not be VC money anymore, but to claim that they are self-funding would be extremely wrong. https://www.marketwatch.com/story/uber-posts-nearly-6-billion-loss-from-investments-but-reports-a-rides-rebound-beating-estimates-11651664829#:~:text=Uber%20reported%20a%20first%2Dquarter,stakes%20in%20Grab%20Holdings%20Ltd https://www.marketwatch.com/story/uber-posts-nearly-6-billio....
- remflight 4y agoThat’s a GAAP loss. Did you read the article you posted?