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How can Uber afford to lose billions even after being listed publicly?

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HickMick
9
 Posted 3 years, 5 months ago

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    Uberserge
    1300 Rider Driver
     3 years ago

    IPO at 45

    IPO at 72


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    Uberserge
    1300 Rider Driver
     3 years ago

    It's been dine before by all technology companies like AMZN, FB, SNAP, NFLX etc. The difference here is Uber and Lyft don't have a plan to make them profitable and both are in a very low margin businesses. They can afford to lose money until they run out of cash which won't be for a while.