Hubert Horan: Can Uber Ever Deliver? Part Twenty-Five: Didi’s IPO Illustrates Why Uber’s Business Model Was Always Hopeless
Yves here. Uber is serving to demonstrate how long misguided financial backing can keep a fundamentally and hopelessly unprofitable, cash flow negative business going. Another example has been most US shale gas plays, but their money spigot is finally running…
