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because Uber subsidizes 59% of the cost for passengers with VC money. http://www.bizjournals.com/sanfrancisco/news/2016/12/02/uber-losses.html http://www.bizjo
by cmahler7 10y ago
because Uber subsidizes 59% of the cost for passengers with VC money.
http://www.bizjournals.com/sanfrancisco/news/2016/12/02/uber-losses.html http://www.bizjournals.com/sanfrancisco/news/2016/12/02/uber...
- searealist 10y agoNet revenue is what Uber makes after paying the drivers. IOW, any losses Uber has accrued in that quarter is based upon costs outside of the rides themselves.
- ThomPete 10y agoYou are missing the point. The subsidizing is the problem. If there is no subsidizing that cost have to be paid by the passengers which makes it a much more expensive service.