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But they lose money on every ride, and presumably investor money would flee towards business that actually like make a profit.
by empath75 7y ago
But they lose money on every ride, and presumably investor money would flee towards business that actually like make a profit.
- three_seagrass 7y agoThey would be able to pay less per ride if there are more supply - i.e. available drivers with existing assets.
- actusual 7y agoThis assumes demand on the rider side is unaffected by an economic downturn, which seems like a strong assumption. Lower demand on the rider side directly impacts top-line revenue, so sure, they may get to pay drivers less, but they are also getting less revenue to pay drivers from.
- cycrutchfield 7y agoThey do not lose money on every ride. Read the earnings report