Uber Finally Makes a Profit, But Not Really

On Thursday, Uber Technologies reported its first profitable quarter since the company launched in San Francisco way back in 2009. This represents a huge achievement for the company, which has been investing heavily to expand the business in the hopes that it will eventually become the world’s favored ride-hailing, courier, and food-delivery service. But here’s the rub. […]

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via Autobuzz Today

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