They still make a large loss every year. Cash is not as bad, because (a) half the loss is in the form of "stock-based-compensation" and (b) they've been growing, which improves cash flows.
Stock prices are (astonishingly) doing ok. Idk if that means uber can still raise whatever they need, but I suppose it does.
They can't really ride out a dip in stock price though. They almost certainly can't cut enough to be profitable... Even if 2020 revenues weren't lower than last year's.
Uber still operates financially like a startup... they have a certain amount of runway.... It's longer than most startups, but it's still under two years.
They still make a large loss every year. Cash is not as bad, because (a) half the loss is in the form of "stock-based-compensation" and (b) they've been growing, which improves cash flows.
Stock prices are (astonishingly) doing ok. Idk if that means uber can still raise whatever they need, but I suppose it does.
They can't really ride out a dip in stock price though. They almost certainly can't cut enough to be profitable... Even if 2020 revenues weren't lower than last year's.
Uber still operates financially like a startup... they have a certain amount of runway.... It's longer than most startups, but it's still under two years.