In its IPO filing, Uber warns, “We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability.'
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"We have incurred significant losses since inception, including in the United States and other major markets,” Uber said in itswith the U.S. Securities and Exchange Commission. “We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability."
“The stock is trading below the IPO price, if we use that as a proxy for one type of success, and that doesn’t bode well for other IPOs and certainly Uber’s IPO,” said Reena Aggarwal, a professor at Georgetown’s McDonough School of Business. “People saw it was oversubscribed and people have learned from past experiences that these sometimes these things can come falling down.”Uber’s IPO also bucks the recent trend for tech companies in which founders retain control.
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