Uber warns it ‘may not achieve profitability’ as it aims for $100bn valuation
Ride hailing service Uber made public details about its fast growing and massively loss-making business on Thursday, as it gets ready to become a public company and warned it may never “achieve profitability.” The 10-year-old company that has transformed the taxi industry will become the latest Silicon Valley “unicorn” – a private company worth over $1bn – to test the stock markets appetite for loss-making tech companies. It is set to be the largest initial public offering (IPO) of the year. In... Читать дальше...