Re:Tech Unicorns Are Going Public at Near-Record Pace
by jquery on Thursday December 20, 2018 @01:15PM
(#18727440)
>Uber lost $1 billion in the third quarter 2018.
Another way to say this is, "Uber invested billions in expansion in Q3 2018". Uber is known to be profitable in almost all its mature markets. Rideshare will still exist, even if it consolidates to a single app, so you'd have to convince me Lyft or some other app would win over Uber before you can convince me Uber is going to go bankrupt. I can see Uber pulling out of non-mature markets that it isn't making headway in.
Another way to say this is, "Uber invested billions in expansion in Q3 2018". Uber is known to be profitable in almost all its mature markets. Rideshare will still exist, even if it consolidates to a single app, so you'd have to convince me Lyft or some other app would win over Uber before you can convince me Uber is going to go bankrupt. I can see Uber pulling out of non-mature markets that it isn't making headway in.