This article argues that Uber is a good business because it did not lose as much money as stated in the profit and loss statement and it's a growing business. It was really 1.6 not 5.2 billion.

The argument is stupid. Whatever the loss was it is still a large loss. Why invest in a company that does not have a clear way to profit and keeps on losing money?

I think they might eventually find a profitable business model but it will be a much smaller luxury market above public transportation and taxies. But at this point, they are still searching for a profit. How is this a good investment?