Questions Persist About About Uber’s Profits—And Its Stocks Fall Further

first quarter, causing the stock to tumble, throwing cold water on the near-term ride-hailing market.

“Investors are trying to digest what overall profitability can be. You typically don’t see companies go public generating billions of dollars in losses and to get from where we are today to a clear path to profitability is going to take some time,” Arounian said. But those betting on Uber say this is just a bump in the road and won’t have any impact on Uber’s long-term potential, especially when it comes to UberEats, UberFreight and autonomous cars.

“The near-term stock dynamics have nothing to do with Uber’s opportunity as a business in the long run to capture a pretty meaningful market,” he said. “If they keep doing what they need to do, the stock performance should follow.” Still, Uber has a host of challenges. The company’s subsidies to lower the cost of rides and drive growth are unsustainable, said Ted Ladd, dean of research and professor of entrepreneurship at the

Uber sucks. They rip off their “independent contractors.” And Travis is the lamest of silicon valley’s tragically unhip.

Fake news

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