Eli5: I saw that Uber is still not making money, how is that possible, they have a lot of people working for them, worldwide known and also if they dont make any money how are they still alive?
In: Economics
Uber had a net profit margin of 2.3% last quarter, so they are already profitable and this whole question is nonsensical.
Their profits aren’t higher because they have a very high Capex expenditure as they are prioritizing growth. This can be turned into profits almost instantly the minute they choose to slow down growth. Investors want them to prioritize growth though.
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