As soon as I read "In 2019, Uber claimed $4.5 billion in global operating losses ... in reality, it brought in $5.8 billion in operating revenue." I think either whoever wrote this has no idea what they are talking about, or they are trying to trick readers.
"in reality" implies there is a contradiction or fraud, when it's totally possible to have $5.8 billion in operating revenue and still make a $4.5 loss. All this actually says is that Uber spent $10.3 billion in costs (or thereabouts, depending on how they account for other things).
Don't get me wrong. Uber probably are doing something dodgy, with all these shell companies, but this opening remark just shouts "Don't trust this source - they don't know what they are talking about".
"in reality" implies there is a contradiction or fraud, when it's totally possible to have $5.8 billion in operating revenue and still make a $4.5 loss. All this actually says is that Uber spent $10.3 billion in costs (or thereabouts, depending on how they account for other things).
Don't get me wrong. Uber probably are doing something dodgy, with all these shell companies, but this opening remark just shouts "Don't trust this source - they don't know what they are talking about".