Hacker News Reader

Well yeah... they're forced to lose money in the same way any failed non-viable business is "forced to lose money" lol

perhaps update your priors at this point. Uber is a profitable company now.

Wikipedia puts net income at -9.1 billion for 2022. It takes more than one quarters worth of information to update a prior on a 14 year old company.

Uber had a profitable quarter. They are still $30 billion in the red over the lifetime of the company.

Indeed. A net income of $394M in the quarter doesn't even pay 3 month's worth of imputed interest charge on $30B of aggregate losses.

you realise that much of it is stock grants right?

Again much of that is how the accounting for stock grants goes (most of it in company’s history) and not say, actual PNL incurred in incentives.