Say this much for the management team at Uber Technologies Inc.: They got the message.
The one-time poster child for Silicon Valley excess has had a rough reception since going public last May. That worsened after WeWork’s parent company pulled its own listing in September. The debacle effectively sent a signal that public investors had enough of cash-burning startups seeking monster valuations. Uber’s last quarterly report in November also marked a low point for the stock—31% below its IPO price at the time.
djtgallagher you know most of the rest of us have to be profitable earlier than 10 years after launching if we want out business to be viable but I guess tech just gets special treatment
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