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sources? my colleague recently took a ~79 mile uber from one airport to a location 1.5hr away, his Uber cost was <$88.
by propogandist 9y ago
sources?
my colleague recently took a ~79 mile uber from one airport to a location 1.5hr away, his Uber cost was <$88.
- Dylan16807 9y agoThe number was based on a misunderstanding of Uber's revenue numbers. The 41% was based on using the number for Uber's cut and thinking it was total fares. When you look at all the money going through Uber, fares make up 79% of expenses for that accounting period. But that's not the right number either. A lot of those expenses are other departments in the company. So fares are paying for more than 80% of combined driver costs, infrastructure, and marketing. Possibly quite a bit more. And that number includes all the cities where they are burning money to expand. I don't know if fares are greater than costs in established cities, but I would not at all be surprised if they were.