Uber Posts $708M Loss as Finance Head Leaves
$708 million loss, narrowed from $991 million last quarter<p>18% growth from last quarter (note: that's not Y/Y.  this is ridiculously fast, given the huge base.)<p>708mm loss / 3.4 billion in revenue is only about 20% under even.  And what most people miss, is that the 3.4 billion is the 30% cut Uber takes from a ride.  Prices don't have to rise 20% to break even, prices have to rise 6% (assuming no efficiency improvements via pool etc, which is frankly ridiculous)<p>Yeah... Uber is doing fine.