, Columnist
We Still Don’t Know Whether Uber Is a Real Business
It has never had to live on the cash it generates.
Calling for a ride isn’t everything.
Photographer: Chris Ratcliffe/Bloomberg
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In March, Uber will turn 10 years old. On paper, it’s one of the world’s most highly valued companies. Uber has become a verb for rides on demand, changed the transportation habits of millions and pushed changes in city planning around the world.
But after a decade of operation and perhaps a year or so away from its initial public offering, an essential unanswered question remains: Is Uber viable?