Summary “Unicorn math” is basically pure fiction. Nobody knows how profitable these companies actually are. Rising...
World News
Here Are the Internal Documents that Prove Uber Is a Money Loser
Uber, Silicon Valley’s prized amoral unicorn, is presumed to be a financial titan and a sure-thing IPO in the near...
Will Uber Be the Boss of You?
Uber will like, totally change your life... Or so we thought. But Uber now stands accused of hiding behind algorithms...
Uber’s race to the bottom: The wheels will come off this controversial business
Some parts of Uber’s business model are not healthy and probably unsustainable (Source: Getty) Uber causes a storm wherever it goes. First, there’s the storm of applause as passengers initially embrace what looks like an exciting, disruptive new technology. Then,...
Uber Bonds Term Sheet Reveals $470 Million in Operating Losses
Uber Technologies Inc. is telling prospective investors that it generates $470 million in operating losses on $415 million in revenue, according to a document provided to prospective investors. The term sheet viewed by Bloomberg News, which is being used to sell $1...
Uber anger: Hong Kong cabbies smash taxi in protest against car-hailing apps
They say competition from car and van-hailing mobile apps is unfair A group of cab drivers smashed a taxi yesterday, calling for the government to curb the practice of private car drivers offering cheaper rides through car-hailing mobile apps such as Uber. To...