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Is there evidence that this is the case? And if so, could you share it? From their 2015 financials, it looks like revenues have been consistently higher than c
by tedsanders 9y ago
Is there evidence that this is the case? And if so, could you share it?
From their 2015 financials, it looks like revenues have been consistently higher than cost of sales.
Source: http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...
- madeofpalk 9y agoGranted, it was only promos in certain cities to drive growth of both drivers and riders. Quick Forbes link I found https://www.forbes.com/sites/ellenhuet/2014/07/02/ubers-newest-tactic-pay-drivers-more-than-they-earn/ https://www.forbes.com/sites/ellenhuet/2014/07/02/ubers-newe...
- tedsanders 9y agoThanks for the source and the reply. It's good to know that in 2014 they had promos in developed city markets that dropped their gross margins into negative territory. Nonetheless, my impression is that this is more the exception than the rule, based on the financials I linked to earlier.