Uber will hit the public markets this morning with a valuation that could top $75 billion. The world's biggest ride-hailing business debuts weeks after Lyft, its smaller rival.
Uber is far from making money with operating losses of $3 billion in 2018. This follows an operating loss of more than $4 billion in 2017. Still, not all investors are scared away from red ink. Some analysts predict Uber will eventually turn a profit.
Watch the video to learn how Uber spends money and what it will take for the business to become profitable.
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By CNBC - May 20, 2019
