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?

Question

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

Answer 1

Unless I’m horribly mistaken, the premise of this question is wrong as Uber has reported positive earnings (ie profit) the past 2 quarters (which is why they are now included in the SP500 index).