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A comment on Uber operating at big losses, suggests document leak.

Re:Uber operating at big losses, suggests document leak by dmihal on Thursday August 06, 2015 @09:39AM (#10016277)
They're still in an aggressive growth stage, they're supposed to be burning through their cash.

Did anyone really think that $5 Uber pools were money makers?

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Re:Uber operating at big losses, suggests document leak by omouse on Thursday August 06, 2015 @10:14AM (#10016536)
They're trying to turn into infrastructure. Of course they're supposed to be burning through cash and I'm happy to help them heh.
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Re:Uber operating at big losses, suggests document leak by sp332 on Thursday August 06, 2015 @10:11AM (#10016509)
Pretty sure they told the Wall Street Journal that they weren't profitable at these prices. No leaked documents required. https://twitter.com/NeilAnAlien/status/627873374505562112
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Re:Uber operating at big losses, suggests document leak by mrweasel on Thursday August 06, 2015 @09:51AM (#10016354)
>they're supposed to be burning through their cash

I don't think that they're supposed to, that's potentially dangerous thinking, depending on their business strategy. It's not an uncommon practise though.

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Re:Uber operating at big losses, suggests document leak by tertius on Thursday August 06, 2015 @11:12AM (#10016991)
No, their investors are forcing them to burn through their capital. That's what capital investment is for.
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