Re:Elizabeth Holmes urged employees to hide Theranos’ lab eq...
by ta1234567890 on Wednesday September 29, 2021 @02:39PM
(#28698025)
> The idea that Uber is not profitable is a myth isn’t it?
No, it’s a financial/accounting fact expressed by Uber themselves in their filings as a public company.
Having a business model (which is what you are describing), doesn’t make it profitable.
Hertz had a business model too, they owned cars, people rented cars and paid money for that. Are you saying Hertz couldn’t collect enough money to run their operations and pay some staff? Well they couldn’t, and they went bankrupt. They were also in the red for several years before the pandemic hit.
No, it’s a financial/accounting fact expressed by Uber themselves in their filings as a public company.
Having a business model (which is what you are describing), doesn’t make it profitable.
Hertz had a business model too, they owned cars, people rented cars and paid money for that. Are you saying Hertz couldn’t collect enough money to run their operations and pay some staff? Well they couldn’t, and they went bankrupt. They were also in the red for several years before the pandemic hit.