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Can you provide a source for this? I'm honestly very curious. I've seen this claim bandied about for years, but I've never seen a source that verifies it. Is Ub
by tedsanders 9y ago
Can you provide a source for this? I'm honestly very curious. I've seen this claim bandied about for years, but I've never seen a source that verifies it. Is Uber really losing money on a marginal basis in developed markets?
- dfcowell 9y agoHere's an article with citations from November of last year. Note that it does use data from 2015, since at the time that was the most recent publicly-available published data. http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html#_edn4 http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...
- tedsanders 9y agoThanks, this is terrific. My main takeway: revenues are higher than their cost of sales. In other words, they are earning money on marginal rides served. Not losing money. To me, this suggests that profitability is plausibly achievable if they end subsidies into small markets and drastically cut development costs.