Re:Uber Turns to Saudi Arabia for $3.5B Cash Infusion
by GrinningFool on Thursday June 02, 2016 @09:54AM
(#11822434)
On the other hand, Amazon continued to improve operating margins and expand offerings which led them to profitability. Every indication is that Uber is selling rides cheaper than they cost - and the things they can do to reduce cost also disincentivize their drivers.
Secondarily, Amazon was public for years - which means they were required to become profitable. Uber doesn't yet have that pressure in place- and a new round of cash delays that requirement even further.
Secondarily, Amazon was public for years - which means they were required to become profitable. Uber doesn't yet have that pressure in place- and a new round of cash delays that requirement even further.