Re:End of the Line for Uber
by pwinnski on Monday August 16, 2021 @11:32AM
(#28199259)
Even within that defense of Uber is the fact that the company has gone from 6.8B to 4.4B in one year, despite a 1.5B infusion. That... doesn't seem great.
If the pushback is that Uber isn't at zero yet, yes, that's true. So mid-2021 was clearly premature. ("The market can remain irrational longer than you can remain solvent") And yes, their revenue is growing. If only revenue were profits!
If the pushback is that Uber isn't at zero yet, yes, that's true. So mid-2021 was clearly premature. ("The market can remain irrational longer than you can remain solvent") And yes, their revenue is growing. If only revenue were profits!