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Uber Lost $3 Billion on $3.5 Billion in Revenues. Fake “Profitability” Delayed. Another Quarterly Horror-Show. Markets Eat it Up

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Fri, 08 May 20 10:55 AM | 28 view(s)
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This hoped-for fake “profitability” isn’t profitability, but “Adjusted EBITDA,” Uber’s own homemade creature. By Wolf Richter for WOLF STREET. Uber – which announced another round of mass-layoffs this week of 3,400 folks or … Read more

http://www.investmentwatchblog.com/uber-lost-3-billion-on-3-5-billion-in-revenues-fake-profitability-delayed-another-quarterly-horror-show-markets-eat-it-up/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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