News for hackers. Stuff that matters.

A comment on Uber, losing billions, freezes engineering hires. Parent comment

Re:Uber, losing billions, freezes engineering hires by leannekim on Saturday August 10, 2019 @11:42PM (#20666096)
Ok so there is a backstory behind each piece of bad news. Still, tons of bad news is still a ton of bad news. Most successful businesses should have a string of good news. Especially after being in business for a decade.
[ Parent | on HN ]
Re:Uber, losing billions, freezes engineering hires by badfrog on Sunday August 11, 2019 @12:26AM (#20666232)
> Still, tons of bad news is still a ton of bad news.

I think the point is that it's not bad news. Losing money can be good for a company if it's being done in a way that leads to long-term growth. Amazon didn't have a profitable quarter for ~7 years after its IPO: https://www.theatlas.com/charts/BJjuqbWLz

[ Parent | on HN ]
Re:Uber, losing billions, freezes engineering hires by Barrin92 on Sunday August 11, 2019 @06:12AM (#20667405)
Amazon also actually owned assets and supply chains instead of owning nothing apart from an app on a phone that countless of competitors have already copied.
[ Parent | on HN ]
Re:Uber, losing billions, freezes engineering hires by leannekim on Sunday August 11, 2019 @02:49AM (#20666738)
> Losing money can be good for a company if it's being done in a way that leads to long-term growth.

I guess. But being profitable while growing is better.

[ Parent | on HN ]