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A comment on Uber's billion-dollar losses expose the fragile state of the on-demand economy. Parent comment

Re:Uber's billion-dollar losses expose the fragile state of ... by zigzigzag on Friday September 16, 2016 @01:37PM (#12515759)
Amazon has not spent years losing money, they merely chose to match spending with revenue so their numbers were balanced. That's quite different to winning market share through raw subsidies.
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Re:Uber's billion-dollar losses expose the fragile state of ... by ethanbond on Friday September 16, 2016 @03:28PM (#12516612)
Key distinction. As well as assembling an incredible logistics system. Uber has... a trivial app that's already been cloned dozens of times?

Uber's saving grace, if it will ever get one, will be autonomous vehicles. First the technology has to get good enough, then the law has to catch up. All while Uber is just dumping cash to fend off the aforementioned dozens of clones by artificially deflating their prices?

My bet is that they'll run out of time/money.

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Re:Uber's billion-dollar losses expose the fragile state of ... by samfisher83 on Friday September 16, 2016 @04:01PM (#12516900)
Their paid in capital is greater than retained earnings. Which basically means profits are less than what the share holders have put in.
[ Parent | on HN ]