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Uber Steps on the Earnings Pedal

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Uber just announced a new goal of hitting profitability by the end of 2020. djtgallagher explains why this acceleration will be a challenge. WSJWhatsNow

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.

 

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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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