[BigBubbleButt]

> 1) Uber is a public company now, it has not been VC funded for a long time

They also typically lose around $1 billion per quarter. Unless they figure out how to be profitable, they will eventually run out of money. So really, they are still burning cash on the roughly $20 billion of VC capital they raised, plus the money they raised during IPO.

https://www.theverge.com/2019/8/8/20793793/uber-5-billion-qu...

[lostgame]

>> They also typically lose around $1 billion per quarter.

What?! How on earth do you burn through $1B a quarter on a ride sharing app?

[chrisseaton]

Subsidising rides, a lot of engineers required to run a massive real-time system, and big legal teams to work in so many regions.

[aglavine]

They are reinvesting a lot.