Re:Uber Joins the S&P 500
by paulpauper on Friday December 01, 2023 @09:24PM
(#38495267)
and in the past four quarters altogether it generated over $1 billion in profit.
Yup...that's why the stock has done so well despite the insistence or chorus by the media since 2010 of how Uber is going to go bankrupt or burning cash. It's like Tesla in this regard--years of losses on capital expenditures--followed by huge and sudden profit as the initial capital outlay pays off massively.
Yup...that's why the stock has done so well despite the insistence or chorus by the media since 2010 of how Uber is going to go bankrupt or burning cash. It's like Tesla in this regard--years of losses on capital expenditures--followed by huge and sudden profit as the initial capital outlay pays off massively.