t’s pretty standard for newer companies to focus on growth and expansion (which costs $$$, funnily enough), and burn through some of their hard-earned profits.
But a bunch of media outlets are reporting Uber is in dire financial straits, haemorrhaging money faster than it can ~ drive ~ it.
Gawker contributor Sam Biddle‘s sharing of financial documents indicating pretty heavy losses via Twitter started the whispers.
Uber financial documents we obtained show it’s very very far from profitable http://t.co/45Beofr96M pic.twitter.com/yATp5kZesv
— Sam Biddle (@samfbiddle) August 5, 2015
But Uber cares not, responding with this wonderful’y sassy statement to Fairfax Media:
“Shock, horror, Uber makes a loss. This is hardly news, and old news at that. It’s a case of business 101: you raise money, you invest money, you grow (hopefully), you make a profit and that generates a return for investors.”
Which is pretty much a more eloquent, TL;DR way of saying, ‘LOL YEAH WE KNOW HOW TO RUN THIS SHIT, GET FUCKED M8, LEARN HOW TO JOURNO, BYE’ 
RIDE-SHARE APP, TELL ‘EM.
via The Age.
