2019-4-15 19:20 |
By CCN: Uber revolutionized cross-town transportation, but that’s not going to help the company make any money. That’s one shocking revelation from the Uber IPO filing, which makes the rideshare giant’s $100 billion valuation look like nothing more than a pipe dream.
Uber: ‘We May Not Achieve Profitability’ This major red flag really shouldn’t come as a surprise. Massive competition in the ride-hailing space could force Uber to lower fares and raise driver incentives just to retain market share – much less turn a profit. Uber reported revenue of $11. 3 billion for 2018. The bad news is that its top-line
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