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aquaphile | 2 years ago

Despite operating for 14 years (1) and $51,488,000,000 of effective capital investment (2) Uber STILL loses money. The quarterly operating profit they reported is not GAAP net income.

(1) Founded in 2009 (2) $40,550,000,000 of paid-in capital and $10,938,000,000 of long-term debt, from 12/31/2022 balance sheet

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s1artibartfast|2 years ago

where do you get 51B investment? I see 25B including the debt on CrunchBase?

aquaphile|2 years ago

Look at the balance sheet 10K and 10Q filings. Additional Paid-In Capital is basically all the accumulated equity investment. Add in the current long-term debt. That gives you an approximate number for the investment capital to date (though it doesn't include any long-term debt that was repaid).