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While I admit that the losses are staggering, the growth rates are also astounding: Revenue 2016: $3.8bn 2017: $7.9bn 2018: $11.27bn Trips 2016: 1.8bn 20

While I admit that the losses are staggering, the growth rates are also astounding: Revenue 2016: $3.8bn 2017: $7.9bn 2018: $11.27bn Trips 2016: 1.8bn 2017: 3.7bn 2018: 5.2bn The internet is such a game-changer.

scarface74 8y ago
Uber does not have a proven business model until they can be profitable. Once they reach sustainable profitability, I’ll be impressed. We don’t know what the numbers look like until Uber either raises their prices or cuts their expenses to be viable long term.
moflome 8y ago
> The internet is such a game-changer. Yes but also portable, low-cost GPS enabled internet connected devices are a game-changer. I don't see how Uber or Lyft could exist prior to the iPhone pushing adoption of GPS.
- deleted 8y ago
  [deleted]
- bagacrap 8y ago
  Did the iPhone so the most to push adoption? iPhone 1 didn't have GPS but the first Android device did. The killer app on mobile phones has always been Maps. I'd give Google the most credit here.
prewett 8y ago
> The internet is such a game-changer. Or subsidizing artificially cheap rides is a game-changer.
naveen99 8y ago
and only 2% of the population is using it monthly right now. I hope they gradually decrease the minimum age for riders. Children can finally regain some of the mobility they have lost in the modern world. Just reducing the age from 18 to 16, would probably double their monthly active users. They should atleast allow <18 year olds with drivers licenses to be riders...
ethagknight 8y ago
Am I reading that right? they earned $2.16 per trip on average in 2018?
- martinald 8y ago
  Keep in mind these numbers are Uber's cut, which is probably around 20% in most markets. So the average far is probably around $10, which seems reasonable to me, considering there are some very low cost high volume markets it serves.

5 ms·

While I admit that the losses are staggering, the growth rates are also astounding: Revenue 2016: $3.8bn 2017: $7.9bn 2018: $11.27bn Trips 2016: 1.8bn 20

by kapurs151 8y ago

scarface74 8y ago
Uber does not have a proven business model until they can be profitable. Once they reach sustainable profitability, I’ll be impressed. We don’t know what the numbers look like until Uber either raises their prices or cuts their expenses to be viable long term.
moflome 8y ago
> The internet is such a game-changer. Yes but also portable, low-cost GPS enabled internet connected devices are a game-changer. I don't see how Uber or Lyft could exist prior to the iPhone pushing adoption of GPS.
- deleted 8y ago
  [deleted]
- bagacrap 8y ago
  Did the iPhone so the most to push adoption? iPhone 1 didn't have GPS but the first Android device did. The killer app on mobile phones has always been Maps. I'd give Google the most credit here.
prewett 8y ago
> The internet is such a game-changer. Or subsidizing artificially cheap rides is a game-changer.
naveen99 8y ago
and only 2% of the population is using it monthly right now. I hope they gradually decrease the minimum age for riders. Children can finally regain some of the mobility they have lost in the modern world. Just reducing the age from 18 to 16, would probably double their monthly active users. They should atleast allow <18 year olds with drivers licenses to be riders...
ethagknight 8y ago
Am I reading that right? they earned $2.16 per trip on average in 2018?
- martinald 8y ago
  Keep in mind these numbers are Uber's cut, which is probably around 20% in most markets. So the average far is probably around $10, which seems reasonable to me, considering there are some very low cost high volume markets it serves.