According to this Bloomberg report, Uber is generating $415 million in revenue and recording a crazy $470 million of operating losses. It’s both disturbing and mind blowing.
Uber said that the numbers “do not reflect business activities today” but didn’t explain why those numbers were used to promote a current funding round. Uber is definitely a tech darling but it is quite worrying to know that it is bleeding $470 million a year.
If the figures were true, it makes me wonder: Can Uber really pull off and finally turn a profit someday?
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