Uber operating at big losses, suggests document leak

Re:Uber operating at big losses, suggests document leak by tibbon on Thursday August 06, 2015 @09:37AM (#10016261)

Given their current funding, even at a 400mm/year loss, they could keep going for several years. Maybe that's the plan?

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Re:Uber operating at big losses, suggests document leak by justaman on Thursday August 06, 2015 @09:47AM (#10016327)

Their plan is to become a household name. A trusted name. Something synonymous is transportation. Then in 5 or 6 years buy thousands of Google-Cars.

If they keep burning cash like this I dont think they will make it 5 years and still be in a position to purchase automated cars without additional funding.

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Re:Uber operating at big losses, suggests document leak by ianstallings on Thursday August 06, 2015 @09:57AM (#10016401)

I think you're on the right track and I think the funding for that push will come from the inevitable IPO, and probably more public offerings after that. But it will be important to be in the black by then. So right now it's all about growth and capturing the market.

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Re:Uber operating at big losses, suggests document leak by tibbon on Thursday August 06, 2015 @11:07AM (#10016951)

Yep. Remember how long Amazon lost money for? Seemed to work out for them.

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Re:Uber operating at big losses, suggests document leak by discodave on Friday August 07, 2015 @01:54AM (#10021090)

Negative income != negative cash flow

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