Why have they needed to worry about profitability?
They have been chasing extreme growth with cheap money. That enabled them to hyper scale at a pace the world has rarely seen before. They have made the correct choice so far.
The absolute dumbest thing they could have done up to this point is slow down to try to turn a profit. They have not needed to. Market capture is the sole thing they should be focused on. Here's a hint: how many users does GPT have now versus three years ago?
There appears to be very widespread confusion about what purpose turning a profit serves and how business operations actually work.
Go back in time and tell Uber in ~2013-2015 that it needs to immediately become profitable and not focus on capturing the market.
They have been chasing extreme growth with cheap money. That enabled them to hyper scale at a pace the world has rarely seen before. They have made the correct choice so far.
The absolute dumbest thing they could have done up to this point is slow down to try to turn a profit. They have not needed to. Market capture is the sole thing they should be focused on. Here's a hint: how many users does GPT have now versus three years ago?
There appears to be very widespread confusion about what purpose turning a profit serves and how business operations actually work.
Go back in time and tell Uber in ~2013-2015 that it needs to immediately become profitable and not focus on capturing the market.