Uber Might Make More Money This Year Selling Real Estate in Oakland Than Actually Selling Rides

To be clear, just because Uber is hemorrhaging money doesn’t mean it won’t one day turn a substantial profit. It remains, for one thing, in expansion mode. Amazon, after all, didn’t register meaningful profits for two decades and now the e-commerce empire is one of the most valuable companies in the world. Uber’s investors don’t seem to be too worried about its losses. In May, Jason Calacanis, an early Uber investor, congratulated the company for growing its sales while narrowing losses—again, in a quarter in which it lost more than half a billion dollars.

Article source: http://www.slate.com/articles/technology/technology/2017/10/uber_might_make_more_money_selling_real_estate_in_oakland_than_selling_rides.html

This entry was posted in SF Bay Area News and tagged . Bookmark the permalink.

Comments are closed.