> All of these pieces carefully avoid talking about the fact that Uber claims to have been profitable in several US cities in 2016. This piece does talk about

> All of these pieces carefully avoid talking about the fact that Uber claims to have been profitable in several US cities in 2016. This piece does talk about that: > The company reportedly said it wanted to achieve profitability in the second quarter of 2016, and it claimed at the time it had reached that goal [0] in the U.S. and Canada. In the very next sentence, however, we learn that: > But by December, according to Bloomberg [1], Uber was losing money again in the U.S., to the tune of $100 million per year. (links from original article) So maybe they were profitable -- in 2Q16 -- but apparently that didn't last very long. > I'd happily pay 2x my current rate ... In order for Uber to become profitable and/or continue to exist long term, you -- and all other Uber customers -- may have to. According to the article: > ... amid findings that rider fares only cover roughly 40 percent of a ride, with the remainder subsidized by venture capitalists ... [0]: https://www.bloomberg.com/news/articles/2016-04-14/lyft-is-gaining-on-uber-as-it-spends-big-for-growth https://www.bloomberg.com/news/articles/2016-04-14/lyft-is-g... [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...