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Posts: 157
UBER lost $5.2 BILLION in the THREE months ending in June -- (link)
Posted by
Beaker (aka Anniebecca)
Sep 25 '19, 05:37
(No message)
https://www.cnn.com/2019/09/25/tech/uber-dara-khosrowshahi-amanpour/index.html
(www.cnn.com)
Responses:
It’s always so strange when capitalist networks or societies publish articles saying “capitalists following capitalist rules 101” like this one
-
JackDawson
Sep 25, 05:41
6
Just like with WeWork. The minute they raise rates to break even. They're likely sunk -- nm
-
budice
Sep 25, 05:49
The thing with Uber though is...what's the model for growth to profit? -- nm
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ty97
Sep 25, 05:42
3
by that I mean: Uber is everywhere. They have Uber Eats too. But they are still losing tons of money. What is their grand plan? -- nm
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ty97
Sep 25, 05:43
2
To make as much money as possible for their shareholders and executives before the whole thing comes crashing down -- nm
-
decline
Sep 25, 05:59
1
See, we do understand Capitalism! -- nm
-
Qale
Sep 25, 06:03
the companies you mention though seemed to have a plan that made sense. Uber's plan seems to be lighting money on fire -- nm
-
Beaker
Sep 25, 05:42
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