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 has been GAAP profitable for 5 straight quarters and was just listed in the S&P 500 index. What you heard is wrong. Despite the noise, Uber is currently in an excellent position to execute on many big bets in AI, AV’s and new markets. They are also one of the only tech companies that didn’t require mass layoffs in 2023, with no plans for 2024 either.
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