– Uber’s Massive Cash Burn Problem: 2016 Loss Set To Hit A Record $3 Billion:
Despite its eye-popping valuation courtesy of a growth curve which until recently was truly unprecedented (at least until the company’s sudden withdrawals from China), Uber has a big problem: an unprecedented cash burn, which if not getting worse with every passing quarter, is certainly not getting better, and in 2016 is expected to hit a record $3 billion on over $5.5 billion in revenue.
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