[boatsie]

You’re missing very large categories like G&A, R&D etc but just look at their most recent SEC 10K or 10Q filings and you can see where the money goes.

[hyperhopper]

I don't think he's missing that. Why does an app to connect drivers to passengers that's been around for a decade need R&D?

Now this is not about self driving or whatever else, it's about a ride hailing app. The point is there is no reason ride hailing can't be profitable.

Now, using any company to prop up r&d and investor hype for a moonshot, that's a whole other idea...