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How could Uber have negative gross margin? I have a hard time believing that. I guess it depends on what they include in COGS.
by nhorob67 10y ago
How could Uber have negative gross margin? I have a hard time believing that.
I guess it depends on what they include in COGS.
- aarongolliver 10y agoThey pay drivers more than they charge users. It's pretty simple. Over 75% of my Uber rides are heavily subsidized in some way: - pools where no one else is picked up. - 25% off coupon for 10 rides (I almost always have one of these) - 50% off coupon for 5 rides (I get like once a month, and have one currently)