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20% of Uber's revenue with 50% in losses.[0] I want to see Lyft succeed just to counter Uber, but yeah, those numbers need to be healthier [0] https://www.reu
by Fordec 8y ago
20% of Uber's revenue with 50% in losses.[0]
I want to see Lyft succeed just to counter Uber, but yeah, those numbers need to be healthier
[0] https://www.reuters.com/article/us-uber-results/uber-posts-50-billion-in-annual-bookings-as-profit-remains-elusive-ahead-of-ipo-idUSKCN1Q42CI https://www.reuters.com/article/us-uber-results/uber-posts-5...
- ngngngng 8y agoIt really feels like a game of who can lose money the longest.
- jjeaff 8y agoThat fully depends on what the losses are. I haven't read their financials, but if the losses are from expansion and other investment but their unit profitability is good, then it's not a problem. They can always pull back on investing in growth just to reap profits.
- misun78 8y agoBut this is where their one-trick pony hurts them. Where will growth come from if they stop growing in the one market they're currently in?