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The losses are primarily due to it writing off equity investments in food apps and self driving cars. It made a profit as recently as Q4 2022. Revenue (a much
by LatteLazy 4y ago
The losses are primarily due to it writing off equity investments in food apps and self driving cars. It made a profit as recently as Q4 2022. Revenue (a much harder number to manipulate than profit) has been growing rapidly.
https://www.globaldata.com/data-insights/technology--media-and-telecom/uber-posts-first-positive-cash-flow-despite-26-billion-loss-in-q2-2022/#:~:text=Net%20Profit%2FLoss,-2021%7CQ3&text=The%20ride%2Dhailing%20company%20reported,million%2C%20which%20removed%20certain%20costs https://www.globaldata.com/data-insights/technology--media-a....