Uber’s still not profitable

A mammoth drowning in tar, from the La Brea Tar Pits. Next to the sinking mammoth is a sinking Uber logo. In the opposite corner is a sinking business-man whose head has been replaced by a bag of money. Running diagonally across the whole image is a jagged, declining red line as from a stock-chart. Image: JERRYE AND ROY KLOTZ MD (modified) https://commons.wikimedia.org/wiki/File:LA_BREA_TAR_PITS,_LOS_ANGELES.jpg CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/deed.en

Uber just released its Q2 numbers for 2022 and trumpeted that it had finally achieved cash-flow positivity — and it only took 13 years and $32 billion in losses! So has Uber finally turned a corner? Will the company finally attain profitability and repay those billions?

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