Tue. Feb 18th, 2020

Why Uber Can’t Make A Profit & It Doesn’t Matter

The following video is brought to you courtesy of the RT America YouTube Channel. Click the play button to watch it now.

Although Uber has become a household name, it has yet to actually turn a profit. Uber posted a $1.2 billion loss in the third quarter of the year, following a $5.2 billion loss in the second quarter. Why can’t it make any money? Brent Wilsey, President and CEO of Wilsey Asset Management joins Rick Sanchez to share his insights.

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