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Uber losses expected to hit $3B in 2016 despite revenue growth

21 pointsby marblarover 8 years ago

4 comments

sctbover 8 years ago
Previously: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=13216451" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=13216451</a>
erickhillover 8 years ago
My knee-jerk reaction to the shocking scale of losses reminded me of Amazon during the dot-com days of the late 90s and early 00s. They seemed to bleed vast sums of money every quarter. And now they seem absolutely rule online retail.<p>Granted, it took a long time to get to this stage.
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fankhawkover 8 years ago
Google image search cab company owner and then explain where the billions in profit are hiding in the system.
chrisgdover 8 years ago
They will be wildly profitable if they can just outlast taxis and lyft...
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