uber: There's ample reason for investor caution about an Uber that has never reported a profit in its 10-year history, and heads into its IPO having posted a 2018 operating loss of 3 billion on revenues of just 11.3 billion, according to The Toronto Star. All figures in U.S. Uber CEO Dara Khosrowshahi says Uber intends to become the Amazon of transportation. Uber's coming out on the stock market is the most highly anticipated initial public offering of shares by a Silicon Valley tech giant since Facebook Inc.'s IPO in 2012. Richard Drew / AP FILE PHOTO Uber expects to raise about 10 billion in its May IPO, which would place a total shareholder value on the firm of about 100 billion. That might be chutzpah, but it's not hubris. To its credit, Uber acknowledges in its April 11 IPO filing that achieving profitability is not its goal, at least for now, and that it might never turn a profit.
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