I think you misinterpreted that there shall be a correlation between _valuation_ and _earnings_. Ubers _first_ ever positive year was 2013, after 15 years in b

I think you misinterpreted that there shall be a correlation between _valuation_ and _earnings_. Ubers _first_ ever positive year was 2013, after 15 years in business [1] . Uber may be generating cash, but it's also loosing (lost) cash a lot faster than it was generating it. By taking 2013 as reference (~2 billion), it needs another 5 of those years just to recover from its losses in 2012 (9 billion). I understand the economics behind it, but its valuation is way out of reality. [1] https://www.theverge.com/2024/2/8/24065999/uber-earnings-profitable-year-net-income https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro...