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A comment on Uber reportedly lost $891M in the second quarter of 2018 as growth slows. Parent comment

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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by toomuchtodo on Saturday August 18, 2018 @07:12PM (#17791380)
$100 million here or there isn’t much of a concern when you’re that unprofitable.

What’s Uber going to do, shed their self-driving unit? Their only hope for profitability?

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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by edoceo on Saturday August 18, 2018 @07:22PM (#17791434)
That idea has been floated[0]

[0] https://www.bloomberg.com/news/articles/2018-08-15/uber-ceo-...

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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by toomuchtodo on Saturday August 18, 2018 @07:27PM (#17791460)
Ending their self-driving initiative would expose that their business as-is is fundementally unsustainable (it’s clear expensive incentives are required to continually pull new drivers into the driver pool). They have to continue to try to maintain their valuation and funding, at least until IPO (where they can dump it on public investors).
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