Uber: Revisiting The Profitability Forecast, And It’s Only Worse

Back in April, Uber’s (UBER) vision of breaking into profitability by 2021 already had seemed at stake to me (read here) – albeit late March had the most drastic declines in passenger travel, impacts to trips and a shift towards Eats was not expected to be enough to support that vision. Uber had seemed overly optimistic then in regards to the potential developments and shocks to the industry, of which we have seen now – a $2.9 billion Q1 loss and another $1.8 billion loss in Q2.
As the coronavi…

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