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They haven't broken out the losses. (a) Are they profitable in the US? That would be a huge milestone. (b) If not entire US, are they profitable in top-X US u
by abhv 9y ago
They haven't broken out the losses.
(a) Are they profitable in the US? That would be a huge milestone.
(b) If not entire US, are they profitable in top-X US urban markets, and thus losses are all due to expansion into 2nd/3rd quartile of cities?
(c) Maybe some metrics like "After subtracting R&D efforts in self-driving cars, and legal fees due to multiple lawsuits, we are on average making X cents for every mile/minute driven."
"Our drivers take X days to enroll, and then work for us Y hours per week, and the turnover rate is Z."
- notyourwork 9y agoThese are really great questions I would love someone to shed light on.
- askafriend 9y agoFrom internal sources, I can say with some confidence that they are profitable in most major US cities. (I do not work for Uber, so take this for what it's worth)
- dx034 9y agoIs that under the old accounting system (which paid out too little to drivers) or the correct one?