Uber set two dubious quarterly records on Thursday as it reported
its results: its largest-ever loss, exceeding $5 billion, and its
slowest-ever revenue growth.
The double whammy immediately renewed questions about the
prospects for the company, the world’s biggest ride-hailing
business. Uber has been dogged by concerns about sluggish sales
and whether it can make money, worries that were compounded by a
disappointing initial public offering in May.
Is there any evidence to suggest that Uber will ever turn a profit? I just don’t see it.