Uber and Grab no more? LTFRB needs brains

[leonleon]

Even Uber is not making money.

Uber reported a loss of $708m in the first quarter, lower than the $991m it lost in Q4.

[leonleon]

Kaya kung gagaya mga taxi sa Grab at Uber business model, malamang di na rin sila kikita.

Last laugh ang mga taxi, kasi sila at least, kumikita.

And whether we like it or not, in the end, baka sa kakarag-karag na taxi din tayo babagsak.

[uls]

Even Uber is not making money.

Uber has taken in billions of dollars from investors

they can afford to burn cash

until investors have had it with uber and sell their shares

for now, investors are banking on eventual profitability

or waiting for the IPO

then sell