"Uber reported an operating loss of $3 billion in 2018 after losing more than $4 billion the prior year. (The company recorded a net profit last year because of $5 billion worth of one-time gains, mostly from selling its Russian and Southeast Asian businesses.)Apr 27, 2019" Stock price going up =/= it is a sound business Until 2 weeks ago Uber's price had been below its IPO.
So? It was the same thing with Facebook before they started to make a killing. By the time you find your reasons to buy things by looking at the financials, its too late. Markets are forward looking
Pek, you must be old school buddy because you think profits matter these days! (Only joking, I'm sort of with ya on Uber).
Very well said !!!!! And not just Tether but every other fake stable coin, because if tether is removed, some new shit is created, it is business as usual.
Except FB has a successful business model, Uber doesn't. FB eventually had no competition. Entering the rideshare business also isn't that hard.