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It improves every quarter for them. Every time they open a new market they have to spend hundreds of dollars per driver in recruitment incentives. Once they bui
by valuearb 9y ago
It improves every quarter for them. Every time they open a new market they have to spend hundreds of dollars per driver in recruitment incentives. Once they build out the market, they start making positive margin. If you try to grow internationally as fast as possible, that means tons of money on driver recruitment and building market infrastructure before the revenues come in.
If Uber wanted to be profitable they could stop expanding into new markets, kill Kalanick's Krazy side businesses, and would likely be profitable the next quarter.