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They do make profit on each ride, but not when you account for administrative overhead (which is huge because of their ridiculous headcount).
by randyrand 7y ago
They do make profit on each ride, but not when you account for administrative overhead (which is huge because of their ridiculous headcount).
- aetherson 7y agoLet's split the difference: They make profit from some rides. And the amount of profit matters, too.
- the_narrator 7y agoWhich would mean they do _not_ make a profit on each ride.
- davidivadavid 7y agoCharitable interpretation is that the parent is talking about Uber's gross margin, which is presumably fairly high.
- twic 7y agorandyrand is talking about gross margin; you're thinking about earnings. You can have a positive gross margin and negative earnings. There's no point arguing about whether this does or does not constitute making a profit in some absolute sense - just understand that both are true.