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^ to reiterate. This is a bit arbitrary since investor capital is not actually used this way, but the numbers would be: - 41% of Uber's corporate expenses are
by randyrand 10y ago
^ to reiterate. This is a bit arbitrary since investor capital is not actually used this way, but the numbers would be:
- 41% of Uber's corporate expenses are paid for by the customer, 59% by investors
- 100% of non-corporate costs (driver, car, fuel, maintenance, etc) are paid for by the customer and 0% by investors.
But this instead somehow got interpreted as "the customer only pays for 41% of the ride cost". Which is completely false.
- harryh 10y agoThat is an excellent explanation. Thank you. I will add that I suspect that some corporate expenses are going to the driver in the form of bonuses or minimum per hour earnings (Uber has had a lot incentive programs for drivers). This, kinda, goes to the cost of a ride. I have no idea how much money this is overall. A lot maybe.