Comment by Analemma_
10 days ago
Uber sold something like $50 billion in equity and debt before it went public, and although they're profitable now, to me it doesn't seem like they have answer to Waymo coming up fast in the rear-view mirror. I think Uber is still a scam, just one where the earlier investors fleeced the later ones who are never going to see the returns they paid for.
Uber is still >$10bn net negative over its lifetime. Claude estimates about –$19bn.
It's still quite possible that Uber doesn't make that up in the near future.