Like Lyft, ride-sharing giant Uber has no clear path to profitability, writes Howard Gold.
The Silver Bullet.
"Uber already has outstanding debt of $7.5 billion, and it “may be required to use a substantial portion of our cash flows from operations to pay interest and principal on our indebtedness [which could] limit our ability to obtain additional financing, “the prospectus said. “Our existing debt instruments contain significant restrictions on our ability to incur additional secured indebtedness. We may not be able to obtain additional financing on favorable terms, if at all.”