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Justin Fox

Uber Is Still Trying to Figure Out If It's a Real Business

Maybe the ride-hailing service will make money someday. It's just not clear how.
What is it, anyway?

What is it, anyway?

Photographer: Jaap Arriens/nurphoto/getty images

Uber is still losing lots and lots of money, the world learned last week from Bloomberg’s Eric Newcomer. It may even be losing a lot more money than Newcomer was able to tell us about. As he put it in his weekly e-mail newsletter:

There is another word for losses at a startup company: investments. As Eric Paley of the venture capital firm Founder Collective, an early Uber investor, put it on Twitter this morning: