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BullNBear52

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Re: 12yearplan post# 51457

Monday, 04/29/2019 11:57:21 AM

Monday, April 29, 2019 11:57:21 AM

Post# of 54430
Don't bet the farm.

Uber is pitching itself to investors as the next Amazon, despite no path to profits
PUBLISHED 2 HOURS AGO UPDATED 7 MIN AGO
Lauren Feiner
@LAUREN_FEINER
KEY POINTS
Uber will reportedly compare itself to Amazon during its pre-IPO roadshow to justify its losses as it expands its business.
Amazon similarly went public before turning a profit and has since skyrocketed in value.
But Amazon’s profitability is due mostly to its cloud business, Amazon Web Services.

https://www.cnbc.com/2019/04/29/uber-is-pitching-itself-as-the-next-amazon-as-it-loses-billions.html

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