Uber has traditionally been tight-lipped about its finances, but a new leaked document obtained by Gawker's Sam Biddle suggests the $50 billion company is wildly unprofitable and losing tens of millions of dollars per year. That's not exactly surprising. And it certainly doesn't mean the company is in any grave danger. Many tech companies that raise a lot of money aren't profitable, and many go public while they're in the red. Just look at Amazon. But the documents Biddle obtained, which seem ...
New revenue figures show $50 billion Uber is losing a lot of money
Business Insider - 5 Aug 2015 20:34
Uber has traditionally been tight-lipped about its finances, but a new leaked document obtained by Gawker's Sam Biddle suggests the $50 billion company is wildly unprofitable and losing tens of millions of dollars per year. That's not exactly surprising. And it certainly doesn't mean the company is in any grave danger. Many tech companies that raise a lot of money aren't profitable, and many go public while they're in the red. Just look at Amazon. But the documents Biddle obtained, which seem ...
Share this Article
Recommended