Uber is probably losing a lot of money. Is that surprising?

Uber is probably losing a lot of money. Is that surprising?: "In the first and second quarters of 2014, the documents show Uber generating about $102 million, nearly as much as the entire year prior. Gawker's documents also show that while the company's revenue has been growing quarter over quarter, its losses are also increasing. Its losses in 2012, according to Biddle, totaled $20.4 million. In the first half of 2013 the company lost more than $15 million. 

A lot of the operational costs come from marketing, research and development, and administrative services. The company has raised more than $6 billion from investors to compete in international markets like India and China and to push new products like its carpooling service, Uber Pool.

Another internal Uber document obtained by Business Insider from early 2014 suggested that an annual run rate for Uber's top five markets (NYC, D.C., San Francisco, Chicago, and Los Angeles) would generate about $1 billion a year for the company in 2014. And in some of those cities, Uber is profitable. "



'via Blog this'