Uber has never made money. They haven’t even come close to making money. It’s hard for me to have any sympathy for investors who keep funneling money into a company that defines “success” by lowering their quarterly loss to a mere billion.
It’s not as if this information isn’t public. Everyone can see that Uber can’t make money.
Amazon has gone very long stretches without making money, too. They're still a trillion-plus dollar company and nobody seems to care.
I was under the impression that the markets that are mature for Uber were profitable, and they've been plowing capital into growth, hence the losses. Feel free to correct me if you have sources that show otherwise.
You’re being downvoted because this is a commonly quoted and false claim about Amazon; here’s some reading on free cash flow vs. profits that will explain it better than I can:
It’s not as if this information isn’t public. Everyone can see that Uber can’t make money.