Industry Research

Why Uber Will Never Make Any Money

News Reports
Posted on June 12, 2019
How much longer can the company keep going? (Photo via Unsplash user Austin Distel)

How much longer can the company keep going? (Photo via Unsplash user Austin Distel)

American Affairs reports Uber has had an unsustainable business model for years prior to its IPO. The company allegedly had GAAP (Generally Accepted Accounting Principles) net losses of around $15billion between 2015 and 2018. Because Uber was the only company offering detailed data, it wasn't understood how poorly the company was faring.

Daily Mail article here

Related Topics: money, profits, TNCs, Uber

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Comments ( 2 )
  • Mike

     | about 2 years ago

    When you're not a transportation company things like that happens who knew a Technology Corporations wasn't a transportation company. Wow no one would ever figure that out right🤔.. #electronic hatch Hiking

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