Why Uber can’t make a profit & it doesn’t matter

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Published on 7 Nov 2019, 2:15
Although Uber has become a household name, it has yet to actually turn a profit. Uber posted a $1.2 billion loss in the third quarter of the year, following a $5.2 billion loss in the second quarter. Why can’t it make any money? Brent Wilsey, President and CEO of Wilsey Asset Management joins Rick Sanchez to share his insights.

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