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
Because Uber, like most companies have this misguided belief of “infinite growth” regardless of how well they did previously, theres never a plateau and even if they do great, its never enough.
Because, just like any greedy corporation, they don’t want most of the money. They want ALL of it. So if they don’t make MORE money than last quarter, its considered “bad” or a “loss”.
Which leads them to do “regrettable” things like, firing hundreds if not thousands of workers to save their ever expanding “bottom line” before pocketing the rest, then print out blurbs that say workers today are too entitled, and that “no one wants to work anymore”. Whilst they sit and scheme to do what most corporations do these days, like buying a member of congress or maybe the supreme court?
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