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The interesting thing about Uber is before Covid-19 I thought that the ride sharing arm of the company was the profitable path and the food delivery arm, Uber E
by subsubzero 6y ago
The interesting thing about Uber is before Covid-19 I thought that the ride sharing arm of the company was the profitable path and the food delivery arm, Uber Eats was a lost cause. Now it seems like that theory has been thrown on its head as ride shares plummet and takeouts soar. But still I think profit margins on food delivery are not that high so I wonder if Uber will escape unscathed from layoffs/closures, VC funding will only last so long when a majority of your business dries up.
- aledalgrande 6y agoThey're not high, especially on small orders. It will let them get some revenue while people are on lockdown, but not massive profits I think.