# Uber's IPO Is Historic, Despite Its $10 Billion Loss - The Atlantic

<https://www.theatlantic.com/technology/archive/2019/04/ubers-ipo-historic-despite-its-10-billion-loss/586999/>

- Host: [theatlantic.com](https://links.thingelstad.xyz/hosts/theatlantic.com/)
- Saved: April 18, 2019 (2019-04-19T02:45:54Z)
- Record: https://links.thingelstad.xyz/links/fb64b793e341/
- JSON: https://links.thingelstad.xyz/links/fb64b793e341.json

## What Jamie wrote

What an amazing amount of money being invested.

> Here’s a deeply strange thing about Uber, which publicly filed for its IPO today: The company has lost $10 billion from operations, just since 2016, and while riders have paid $79.4 billion for rides, many drivers attest that they can barely scrape together a living. So no part of the operation is a high-margin business, and yet Uber keeps growing and growing and growing.

If the end-game to real profit and margin for Uber is self-driving cars, one has to wonder if they can possibly lose that much money while those are being developed. I think it’s a long ways off.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT102: Weekly Thing #102 / Apr 20, 2019](https://weekly.thingelstad.com/archive/102/), Notable Links 📌

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.theatlantic.com/technology/archive/2019/04/ubers-ipo-historic-despite-its-10-billion-loss/586999/