Uber has been losing money to keep rides cheap for years. Whether they can keep that up as a public company depends on which story investors believe.
Uber CEO Dara Khosrowshahi, left, and board member Ryan Graves on Friday at the New York Stock Exchange.
“As someone who’s covered technology for 20 years, I could count on one hand the stories that are potentially transformational on the consumer enterprise side,” Ives said. “Uber has the blueprint to be what I view as the Amazon in transportation.” “A major strategic mistake that Lyft made was putting their back against the wall talking about the path to profitability in the next few years,” Ives said. “Ultimately with Uber, either you believe or you don’t.”Advertisement
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