That’s why they axed the unprofitable long term bets and are only subsidizing growth in Uber Eats because they’re behind DoorDash, a market worth $37b in market

That’s why they axed the unprofitable long term bets and are only subsidizing growth in Uber Eats because they’re behind DoorDash, a market worth $37b in market cap. Their forward P/E is still 68, and what they burned last year is part of the $25b investment that still turned out to be a very valuable company.