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by viscanti 1940 days ago
According to their public investor reports, they've been EBIDTA profitable on Rides for years. They're also profitable in more rationalized Eats markets (markets where there aren't other VC funded companies burning hundreds of millions of dollars on subsidies). What do they need self driving for?
2 comments

Not exactly: https://finance.yahoo.com/quote/UBER/financials?p=UBER

It is weird that something as exploitative as Uber can't even stay in business in the long term. Eventually profit does matter and the weak stocks will be culled in the next panic. Uber will be one of them.

To still be profitable after they stop breaking local laws and regulation catches up with them. https://horanaviation.com/publications-uber