Well Uber has been raising more money at higher valuations as a premier unicorn but now they're headed to down round central and the pressure will be on to make money sooner rather than later. Especially with the revelation that the self driving technology that they were counting on was stolen...
Uber is profitable in "some" of its top markets, i.e. "New York City, DC, San Francisco, Chicago, Los Angeles" [1]. Those are also markets with competition at both the national, e.g. Lyft, and local, e.g. Juno, Via, et cetera, scales.
