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This also implies that the vast majority (if not all of their) loss is sales and marketing.
by zjaffee 8y ago
This also implies that the vast majority (if not all of their) loss is sales and marketing.
- jonknee 8y agoYes, when you don't count expenses it sure is a lot easier to make a profit!
- darkerside 8y agoFrom their S-1: Cost of revenue primarily consists of insurance costs that are generally required under TNC and city regulations for ridesharing and bike and scooter rentals, respectively, payment processing charges, including merchant fees and chargebacks, hosting and platform-related technology costs, amortization of technology related intangible assets, certain direct costs related to bikes, scooters and the Select Express Drive Partner program, and personnel-related compensation costs.