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

Re:Uber reportedly lost $891M in the second quarter of 2018 ... by pdeva1 on Saturday August 18, 2018 @08:39PM (#17791770)
Can you point to any reference that mentions the profitablity in established markets? All the articles I see say that unit economics remain unprofitable in all cases.
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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by mrep on Saturday August 18, 2018 @09:10PM (#17791916)
[0]: https://www.ft.com/content/afa1d4de-33bc-11e6-bda0-04585c31b...

[1]: http://fortune.com/2016/06/16/uber-profitable-markets/

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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by jameslevy on Saturday August 18, 2018 @09:59PM (#17792100)
From sources familiar with Uber finances, I have heard they are indeed profitable in many established markets, but in all of these markets the only reason they are profitable is high-margin products like Uber Black. If governments start requiring a certain amount of Uber's business to be carpooling to reduce traffic etc., Uber will not be profitable anywhere.
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