Business Insider either does not understand the difference between revenue and profit or they would like to manufacture outrage among their readers
Corporate taxes are paid on profit, not revenue.
As a consolation for those begrudging their tax accounting scheme, operating Cashflow is still negative, meaning they are bleeding cash. How would you turn a profit while losing money from operations?
If that does not improve, Uber in the end may not be a viable business.
Corporate taxes are paid on profit, not revenue.
As a consolation for those begrudging their tax accounting scheme, operating Cashflow is still negative, meaning they are bleeding cash. How would you turn a profit while losing money from operations?
If that does not improve, Uber in the end may not be a viable business.
https://finance.yahoo.com/quote/UBER/cash-flow/