When a company like Uber invests in growth and runs big losses, competitors can’t keep up.
The key to success is to maintain leadership and be in a growth market that will be lucrative in the future.
I don’t know. Riding sharing with a phone app is such a basic commodity. In my travels I have used many different ones. I can’t imagine how you lose a billion dollars setting up a system to hail a taxi.
Riding sharing with a phone app is such a basic commodity.
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So are hamburgers, but McDonald’s has done well.
Amazon had many years of losses before cracking a small profit. The headline doesn’t match the fact that Uber came close to what it expected (yes = losses); but did gain money over the previous report.