▲ | mytailorisrich 4 days ago | |
Uber, like Amazon before, had the strategy to forego profit in the short term to focus on growth. Ultimately the goal is to be profitable because that's the point of a business. I think the misunderstanding is to confuse this for "profit isn't desirable". Sure you may try to minimise your taxable profit for tax purposes but that means you are turning a profit, and that may be impossible if you intend to pay dividends. |