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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 quickben on Saturday August 18, 2018 @10:31PM (#17792215)
Interesting.

So, did they succeed? Are cabbies dismantled now?

If the vcs stop pumping bil/year, will Uber exist?

I don't care about Uber or the Taxi industry, I am trying to point out that better replaces existing, and so far, that hasn't happened in the case of Uber.

Except for the entire planet getting some free rides, that part is awesome.

[ Parent | on HN ]
Re:Uber reportedly lost $891M in the second quarter of 2018 ... by londons_explore on Sunday August 19, 2018 @03:44PM (#17795841)
If VC's stop pumping money, Uber might not exist, but I highly doubt the 'ridesharing market' is going away.
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Re:Uber reportedly lost $891M in the second quarter of 2018 ... by joejerryronnie on Saturday August 18, 2018 @11:10PM (#17792347)
Yes, we really should be thanking the VC firms (or really the pension and endowment funds which act as LPs) for all the nearly-free rides.
[ Parent | on HN ]