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
A business never actually needs to be profitable on paper. There’s rarely much point to turn a profit, because profit is taxed. Instead, take what would be profit and invest it into the business to grow it further.
The purpose of business is to make money for those who own & work there, and for the investors if public.
It does all of that and will continue doing so.
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