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> There is no good reason for a company to burn through money by paying people who won’t turn a profit. Doesn't Uber lose money on every single ride?
by briffle 6y ago
> There is no good reason for a company to burn through money by paying people who won’t turn a profit.
Doesn't Uber lose money on every single ride?
- bhupy 6y agoYes, and that is why Uber has been on a cost-cutting crusade since it went public.
- jayparth 6y agoNo. Why would you think that?
- nness 6y agoBecause, historically, the core "ride" part of Uber's business only turned a profit within Q4 2019. Their IPO also indicated that only a few of their operating markets were profitable, many operating at a loss.