The media from 2009 to 2018: "Uber will go bankrupt; it's losing too much money"
and here is Uber a decade later , and the stock keeps going up. Uber is highly cash flow positive on operations, to the tune of $600 million from its most recent earnings report or also comparable to Tesla in 2021, which the experts in the media were certain would be an impossibly. During Covid it initiated to a successful delivery business, Uber Eats.
I think this shows how the financial media can be disregarded as a useful source of investment advice or insight. The VCs and other investors who keep investing in uber despite losses were right, as , similar to Amazon, they knew the losses were temporary and to build the outlay/infrastructure of Uber's business.
> I think this shows how the financial media can be disregarded
to be fair, the actual financial analysts have been very bullish on uber for a long time. the stock has been overweight or buy for most of its public history, at least by my recollection (I own a chunk of stock so i've been paying some attention).
it's on forums like this though, where folks are inserting their desire for uber to fail because they don't like the company or the (former) executives or whatever, that I hear the bankruptcy drum being beaten.
and here is Uber a decade later , and the stock keeps going up. Uber is highly cash flow positive on operations, to the tune of $600 million from its most recent earnings report or also comparable to Tesla in 2021, which the experts in the media were certain would be an impossibly. During Covid it initiated to a successful delivery business, Uber Eats.
I think this shows how the financial media can be disregarded as a useful source of investment advice or insight. The VCs and other investors who keep investing in uber despite losses were right, as , similar to Amazon, they knew the losses were temporary and to build the outlay/infrastructure of Uber's business.