RIDEGURU
Well that is good considering the company has yet to turn a profit... LOL
https://www.recode.net/2018/5/9/17337764/uber-ceo-dara-khosrowshahi-flying-cars-elevate-vtol
Uber’s CEO says he’s willing to lose money on flying cars
Posted 5 years, 11 months ago
Posted In
Rideshare News
News, media buzz around the industry, cool images, and more. Share them here, and discuss with others in the rideshare industry, including Uber drivers, passengers, journalists, and rideshare companies.
Posted By
Chuck Townsend (charleskeyv)
140
Rider
Ride Scholar
Popular Links
- Maximum Ridesharing Profits
- Fare Estimator
- Rideshare 101
- Sign up for UberAd
- Sign up for Uber EatsAd
- Sign up for Lyft - $5 offAd
Comments
According to Forbes, Uber's 2017 red ink was $3.2 billion - I guess when you are used to losing that much money a year and your investors still love you you are willing to take risks.
https://www.forbes.com/sites/lensherman/2017/12/14/why-cant-uber-make-money/#941512810ec1
3.2 billion!! That is jsut insane.
willing? they already do. Plus, every company "loses" money developing new technologies. this is fake news crap.
Any guesses on the year Uber finally turns a profit?
Makes sense, with any big venture you have to expect to lose some money at first.