Some potential reasons for Uber's longer than usual period of making a loss include the intense competition for market share, which led to significant spending on driver subsidies and promotional discounts for riders. This strategy caused Uber to burn through a lot of cash. In fact, Uber reportedly spent over $11 billion since its founding. While it is normal for tech companies to make a loss for extended periods, Uber's period was longer than others.
Use our Timeline Template Collection to visualize and track business processes. Timelines keep proje...
Download template