Cnbc
@cnbc·4.2M subscribers·16.1K videos
Why Uber Is Losing Money
Posted
May 10, 2019
Views
1,496,026
Likes
14,169
Comments
2,147
Engagement
1.09%
May 10, 2019
1,496,026
14,169
2,147
1.09%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
Uber will hit the public markets this morning with a valuation that could top $75 billion. The world's biggest ride-hailing business debuts weeks after Lyft, its smaller rival.
Uber is far from making money with operating losses of $3 billion in 2018. This follows an operating loss of more than $4 billion in 2017. Still, not all investors are scared away from red ink. Some analysts predict Uber will eventually turn a profit.
Watch the video to learn how Uber spends money and what it will take for the business to become profitable.
» Subscribe to CNBC
» Subscribe to CNBC TV
» Subscribe to CNBC Classic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
#Uber
Why Uber Is Losing Money
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
