This might be ignorant, but I've wondered about this for a while. Isn't Uber essentially a software company? The drivers doesn't get anything besides their sha

This might be ignorant, but I've wondered about this for a while. Isn't Uber essentially a software company? The drivers doesn't get anything besides their share of the fares? According to the free part of the article they've lost 7.9 billion dollars since 2009. How expensive can it possible be to develop and operate their software? According to some sources uber takes a cut from 20-25% (although some claim much higher fractions in practice) http://www.businessofapps.com/data/uber-statistics/#6 http://www.businessofapps.com/data/uber-statistics/#6 claims ~10B _quarterly_ revenue for 2018, with net loss at close to 1B. (EDIT: seem the revenue is counted as full fare price - not ubers cut, so that brings "actual" revenue to ~2B/Q) How are they not making money..? Lots of normal taxi services have booking apps too. If they IPO it'll be interesting to see a more detailed breakdown of their costs. EDIT2: found the IPO prospectus including some numbers: https://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm#toc647752_9 https://www.sec.gov/Archives/edgar/data/1543151/000119312519...