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How do you know it looses money on every ride (genuine question)? Is there proof? Could it be that there are profitable rides in some of its markets that inspi
by origami777 9y ago
How do you know it looses money on every ride (genuine question)? Is there proof?
Could it be that there are profitable rides in some of its markets that inspire investors that it would eventually be able to make every ride profitable at some point?
- slouch 9y ago> Uber passengers were paying only 41% of the actual cost of their trips https://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html https://www.nakedcapitalism.com/2016/11/can-uber-ever-delive...
- valuearb 9y agoThat analysis is speculative at best. It ignores all of the costs that aren't part of providing Uber ride-sharing, including a large number of side businesses, and it's massive investment in international growth. The financials simply don't provide detail to break down the actual costs of ride-sharing when it's mixed in with so many incidental operations and costs.