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this myth again. uber makes money on every ride. they operate at a loss annually because they invest everything in expanding to avoid paying taxes - like most
by SpecialistEMT 8y ago
this myth again.
uber makes money on every ride. they operate at a loss annually because they invest everything in expanding to avoid paying taxes - like most companies do.
- zilian 8y agoIt's quite true that they make money on every ride - what I meant is that we get "cheap" rides while they try to win a "winner-takes-all" monopoly, because they can afford to "invest" in expanding, with heavy losses (4.5B in 2017). It's also true that it's not sure they will ever reach profitability. Therefore, my comment.