Uber stock has surged since its IPO, far outpacing the S&P 500 in that same time period:
So much for all those predictions from 2010-2020 of it running out of money. I have never seen a company as widely expected to fail or maligned by the media as Uber:
Yes, Uber has lost a lot of money over the years, but similar to Amazon and Tesla, such losses are capital expenses to build up its business and to meet demand. Uber as a business, excluding those one-time expenses, is quite profitable and growing rapidly, as shown below:
These are great financials and show how much the business has improved.
Here is a post from 2015 ago predicting Uber would succeed–right again. Uber is not just a taxi company, but also an infrastructure and logistics play, similar to Amazon, due to its huge network of drivers that can be summoned via its app for any task, whether it’s the delivery of food or other goods, or transporting people.