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by moralestapia 1049 days ago
Funny money != cash, once you understand that, the demise of a lot of these "successful" companies like Uber will make a lot more sense.

Uber is not profitable until money out > money in, period (and we are forgiving them interest + inflation).

Even if a couple investors were able to flip the stock and made some money out of what seems to be a scam with extra steps, that still doesn't make Uber profitable, and they're still far from being a success, IMO.