3 ms·
Uber prints money on non-pool rides in mature markets. The losses are all going to fund expansion and single-rider pools.
by pbreit 8y ago
Uber prints money on non-pool rides in mature markets. The losses are all going to fund expansion and single-rider pools.
- opportune 8y agoI think they print money on pooled rides in certain cases too. Especially going to/from the airport.
- 0x262d 8y agosource?
- pbreit 8y agohttps://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm https://www.sec.gov/Archives/edgar/data/1543151/000119312519... $940 million in Contribution Profit in 2018 and that does not net out new markets and non-pool rides. So, to re-affirm more emphatically, Uber prints money on non-pool rides in mature markets.