After Its Much-Hyped IPO, Uber Has Hemorrhaged Billions Of Dollars—Is Its Business Model Sustainable?

This was much higher than last year’s $986 million loss incurred during the same quarter. That was after

Uber touts its grand plan of creating the “operating system for your everyday life,” while investors are getting anxious over seeing profits in their lifetime. With Uber Eats, a new job-matching startup for blue collar workers and other new ventures, it seems that Uber is desperately trying to diversify its business, in an attempt to earn profits.

The question is—will Uber have sufficient funds to last long enough to earn substantial profits and will investors keep giving the company money to blow in the meantime?

Anyone who has ever taken Uber or Lyft would NEVER go back to taxis - even at the same price - so there's room to raise prices. I still pay half what I used to pay for a taxi to go on a airport run. Even at the same price the experience is far superior to any taxi service.

Articles like this should come with a disclaimer- WARNING: there is zero insight in this article, you will not be any smarter after reading it, and you will have wasted 5 to 7 minutes of your life that you will never get back.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber Q3 earnings preview: Analyst commentary leading up to report - Business InsiderAfter Lyft's rosy results, Wall Street is expecting that Uber will show a similarly strong quarter as the competitive landscape cools down.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ahead of Uber earnings, these could be the most important levels to watchUber is gearing up for earnings after the bell today, its third release since going public. Investors should watch out for these levels after the report, says Miller Tabak's Matt Maley. KerisAlison U all make Uber look like the greatest thing and it is nothing.
Source: CNBC - 🏆 12. / 72 Read more »