Uber,Silicon Valley’s prized amoral unicorn, is presumed to be a financial titan and a certain-thing IPO in the near future. Which may be real. But one thing that’s frequently lost from the conversation about its inevitable dominance over virtually every facet of our lives is the answer to a fundamental question: Does it develop money? According to internal financial documents obtained by Gawker, and the answer is a resounding no. Uber has lost tens of millions of dollars since 2012,and the documents suggest that CEO Travis Kalanick’s boasts about the company’s exponential revenue growth may be overblown.http://valleywag.gawker.com/let-no-man-lea...http://valleywag.gawker.com/uber-doesnt-gi...Read more...
Source: gawker.com