8 years ago
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Yes, Uber Lost a Lot of Money -- And It Will Lose More
Leaked Uber financials from 2012 to 2014 show that the company lost a ton of money during those years. That’s no surprise: Another set of leaked numbers, published earlier this year by Bloomberg, showed the company had losses of $470 million on sales of $415 million. And its losses are likely to keep growing, as it expands further in China, a market it entered in late 2013.
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Well, you have to spend money to make money, right?
Just hoping they don't overextend and then end up not being able to sustain their business.