3 ms·

They are pretty clearly profitable for both of those reasons. They are not at all mutually exclusive.

• paulcole 10y ago
  Are they profitable though?
  • hueving 10y ago
    In the US, yes. They were using that to fund expansion into China/India.
    • maverick_iceman 10y ago
      Uber is, I don't know about Lyft. Does anyone here knows about Lyft's profitability?
      • tim333 10y ago
        Lyft is losing a fortune. >According to Bloomberg, the ridesharing startup took a net loss of $127 million in the first half of [2015], off less than $47 million in revenue.
  • manarth 10y ago
    $0.19 a ride in the USA (not including “interest, taxes, and equity-based compensation for employees").[1] Although it's possible that after interest, taxes etc, that they're not even profitable in the US yet. [1] https://uk.finance.yahoo.com/news/uber-says-profitable-us-much-151211910.html https://uk.finance.yahoo.com/news/uber-says-profitable-us-mu...