How is it possible to lose $3billion and not be bankrupt?

>>1833677
You need to accept that right now financial condition doesn't matter to people right now because creditors and investors are making decisions based off of face.

It'll come back to haunt them eventually.

>>1833677
Have $4 Billion.

>>1833677

Now that's a dumb question.

Investment + credit + revenue > expenditure

>>1833682

Fucking snap IPO was absolutely a bullshit offering. Uber should drown before they replace their drivers with robots.

>>1833696

If I was Goldman Sachs I'd be doing so much blow after underwriting SNAP. Amazing how many millenials they ripped off.

Good accountants.

t. knower

>>1833677
Jews

File: 1361988713138.jpg (311KB, 1200x1600px) Image search: [Google]

311KB, 1200x1600px

why the fuck does Uber need that much money? and how the fuck do you lose that much, its a fucking taxi service

>>1833677
How do they have 8 bil in expenses what the fuck
What are they spending their money on?

>>1834294
paying money for the taxi drivers
lel

>>1834049
lawsuits
lots of employees

>>1834049
I'd imagine they get sued out the ass by people wanting to unionize, and also by cities trying to curb them and get them regulated to taxi standards.

>Essentially they're undercutting all competitors by artificially keeping fares very low and subsidizing drivers. Subsidies were the primary source of their enormous financial losses in 2016.
>Once the competition is completely gone (local cabs, and Lyft in some areas), then they can stop subsidizing themselves and basically hold a monopoly. It's their entire strategy.
source: some random internet guy here
https://news.ycombinator.com/item?id=13785564