Uber's loss-making business model

Published on: December 10, 2018 / Update from: December 10, 2018 - Author: Konrad Wolfenstein

According to media reports, Uber has submitted the documents required for an initial public offering (IPO). Accordingly, the ride sharing provider could take the step of going public as early as the first quarter of 2019. The company itself sees itself well positioned for the IPO, but the current figures could definitely deter one or two potential shareholders. Gross bookings and sales are increasing, but at the same time the company recently made a loss of $1.1 billion - over the last seven quarters, Uber burned almost $7 billion.

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