In 2015, news reports revealed that Uber had an operating loss of $ 470 million on $ 415 million in revenue, confirming suspicions that the company has been bleeding money for the sake of achieving steep
growth and acquiring market share.391 In China, the company has lost
more than $ 1 billion a year.392 The
strategy of
aggressive price competition and brazen leadership coupled with soaring
growth prompted immediate comparisons to Amazon.393 Like Amazon, Uber has drawn immense interest from investors.
In fact, our survey found that, compared to those nearing retirement, younger investors are
more comfortable with
aggressive growth strategies, even if that means they could lose money when the market declines.