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Yeah, and also a loss of $8.5B in 2019, loss $6.7B in 2020 and loss of $9.14B in 2022. Hell of a business they got there.
by TheAlchemist 2y ago
Yeah, and also a loss of $8.5B in 2019, loss $6.7B in 2020 and loss of $9.14B in 2022. Hell of a business they got there.
- __sy__ 2y agoSo? I can make the exact same point about Google and other tech companies that endured years—decades sometimes—of eye-watering losses, only to eventually build enormously valuable businesses.
- TheAlchemist 2y agoOf course. But it's a bit premature to say it's a good business and making money. It may or may not become a good business. Let's say Tesla does manage to launch a cheap Robotaxi, fully autonomous, next year ? (Of course they won't, they are decades away from that) Uber would be pretty much dead, and all it would have done in it's lifetime is massive losses.