Losses, for years, are true for many successful and still around tech businesses.
Twitter is just one example. They didn't turn a profit until 2018.
I wouldn't write off Uber just because they're burning cash. Often this is done to secure markets by undercutting competitor pricing, or, aggressive R&D for future growth. Both of these tactics show losses for months, if not years, before things come to fruition.
Twitter is just one example. They didn't turn a profit until 2018.
I wouldn't write off Uber just because they're burning cash. Often this is done to secure markets by undercutting competitor pricing, or, aggressive R&D for future growth. Both of these tactics show losses for months, if not years, before things come to fruition.