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Why theorize about "economies of scale won't help"? We know the answer is "yes they will" -- Uber's US operations were profitable in 1Q16[1] and that included
by shawndrost 10y ago
Why theorize about "economies of scale won't help"? We know the answer is "yes they will" -- Uber's US operations were profitable in 1Q16[1] and that included many non-scaled markets.
Like I said 8 years ago[2]: "Facebook made ~$200mm in 2008. It's pretty clear they could profit on those revenues, and instead are choosing to invest in further growth (with outside capital)."
[1] https://skift.com/2016/12/21/uber-isnt-profitable-in-the-u-s-and-is-on-track-to-lose-3-billion-in-2016/ https://skift.com/2016/12/21/uber-isnt-profitable-in-the-u-s...
[2] https://news.ycombinator.com/item?id=427212 https://news.ycombinator.com/item?id=427212
- zevyoura 10y agoFrom your first link: > After turning a slight profit in the in the first quarter of this year, Uber lost $100 million in the U.S. in the second quarter. The loss increased in the third quarter, the person said. That's not exactly a ringing endorsement of their U.S. business.