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How are they losing money on each ride? They are not managing fleets of cars, employees, etc. It's an app.
by PacketPaul 9y ago
How are they losing money on each ride? They are not managing fleets of cars, employees, etc. It's an app.
- xigency 9y agoThat is exactly the question you should be asking, thank you. Answer is they provide great rates for passengers - see all of the anecdotal evidence here - and great pay for drivers. It literally is "too good to be true." It's just an app--with a $20B valuation and about as much in free cash.