Stil, Uber's quarterly loss is eye-popping for investors who are used to companies being well on their way to sustainable profits by the time they reach such a lofty market cap. As of Thursday's close, Uber was worth $67.3 billion, which would make it the 84th most valuable company in the S&P 500, if it were in the index.
Uber shares dropped about 6% in extended trading after reporting disappointing revenue and a wider-than-expected loss. "We think that 2019 will be our peak investment year and we think that 2020, 2021, you'll see losses come down," CEOAmong S&P 500 companies, only 26 lost money in 2018. The only three to lose more for the year than Uber lost in the second quarter were
Source: News Formal (newsformal.com)
Crazy
Will make Madoff's ponzi scheme look like chump change
CNBC and FOX Business have pushed Uber, Lyft, Bitcoin and TESLA all year. NY Media is so crooked and incompetent it’s stunning.
adeel_azhar Hfs!
Surprised the dumpster fire Ford wasn't mentioned
generalelectric sad!
GE has gone from the most profitable company to the most bankrupt in under 20 years.
Why are you all obsessed with a taxi cab company
General atomic, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more candy last year than Uber’s $5.2 billion second-quarter deficit.
Uber should be worth more
Uber going down the Highway to Perdition.
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