9 ms·
Funny money != cash, once you understand that, the demise of a lot of these "successful" companies like Uber will make a lot more sense. Uber is not profitable
by moralestapia 3y ago
Funny money != cash, once you understand that, the demise of a lot of these "successful" companies like Uber will make a lot more sense.
Uber is not profitable until money out > money in, period (and we are forgiving them interest + inflation).
Even if a couple investors were able to flip the stock and made some money out of what seems to be a scam with extra steps, that still doesn't make Uber profitable, and they're still far from being a success, IMO.