No. Software businesses have very high gross margins, because the cost of goods sold rounds to zero. They can be losing money because of high fixed costs, but t

No. Software businesses have very high gross margins, because the cost of goods sold rounds to zero. They can be losing money because of high fixed costs, but there's an obvious way out where you grow sales to the point where the margin covers fixed costs, and then it's all gravy from there. Uber does not have unit economics like this.