by UBS

Are profits still a good thing?

Uber. Lyft. Snap. These US tech groups floated with multibillion-dollar valuations, yet all of them made losses last year, one-offs excluded. But tech successes such as Google and Facebook have made investors more willing to wait for companies to turn a profit. Meanwhile, the profit motive itself is under attack for fostering inequality. In light of this, the FT’s Jonathan Guthrie asks, “Are profits still a good thing?”

We think you'll like this

DISCOVER

More from the FT Transact channel

FT Transact

FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.


FT Transact is a video channel turning the spotlight on the future of capital, exploring what’s driving transactional transformation - from trends in ecommerce, fintech and ESG investing, to the corporate innovators working to build the future of finance. The channel alternates between independent reporting from FT journalists and expert commentary from UBS.