Reply to post: Re: "Uber makes money" It really doesn't.

Taxi for Uber: Ride-hailing app giant stripped of licence to operate in London

james_smith Bronze badge

Re: "Uber makes money" It really doesn't.

Pyramid scheme. Big VC buys in early then sells on their interest in future profits to smaller mugs ias the hype takes off. When the penny drops and the firm can't get any more funding the big boys are long gone, leaving the small boys out of pocket.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

SUBSCRIBE TO OUR WEEKLY TECH NEWSLETTER

Biting the hand that feeds IT © 1998–2020