This comment thread is a case study in confirmation bias. People are looking for data to support their belief that VC-backed tech businesses endlessly light ca

This comment thread is a case study in confirmation bias. People are looking for data to support their belief that VC-backed tech businesses endlessly light cash on fire. And, refuse to dig a layer deeper to get to the truth, which is that Uber is currently already a fundamentally profitable business. Uber's free cash flow was +$672m and +$382m in the last two quarters. The reason they reported negative income was due to huge write downs in past investments. For all those who have been flabbergasted by Uber's propensity to burn cash, the last two quarters are an opportunity to learn a lesson in business, if you're up for it.