RIDEGURU
How can Uber afford to lose billions even after being listed publicly?
Posted 4 years, 8 months ago
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Posted By
HickMick
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Comments
IPO at 45
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.