Justin Fox, Columnist

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.

August 29, 2016 at 2:53 PM EDT

Corrected

August 30, 2016 at 1:11 PM EDT

Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.”

What is it, anyway?
Photographer: Jaap Arriens/nurphoto/getty images

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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:1472484386893

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:

Before it’s here, it’s on the Bloomberg Terminal

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