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California is about 5% of revenue for Uber.
by ReaLNero 6y ago
California is about 5% of revenue for Uber.
- dcftoapv 6y agoMaybe, but this law will prevent Uber from ever turning a profit in CA, so it's far easier to just shutdown operations, and move their headquarters. I live here, pay taxes here, and vote here. I am actively rooting against the state right now.
- gamblor956 6y agoIronically, according to their SEC filings, CA (and specifically SF/Bay Area and LA/OC) was one of Uber's few profitable markets, pre-COVID.
- dmode 6y agoCA is 12% of Uber's revenue and 25% of Lyft's revenue
- lhorie 6y agoSource? I've seen many different figures (including a very reliable source that stated it was in the single digits for Uber)
- tyrust 6y agoYou've asked for a source without linking your "very reliable source".
- lhorie 6y agoUber's CEO is my source
- gamblor956 6y agoUber's CEO is referring to COVID-era percentages. Pre-CVOID, according to their SEC filings, SF, LA, and NY were Uber's only profitable markets.
- lhorie 6y agoAh, then these numbers make sense. Thanks!
- tyrust 6y agoDo you have a link? Or you had a personal conversation with them?
- dmode 6y agoI was actually off. CA is 9% of Uber's ride share and 21% of Lyft's[1]. Which would likely translate to higher revenue share. [1] https://www.sfchronicle.com/business/article/Uber-and-Lyft-ride-hailing-shutdown-in-15496266.php https://www.sfchronicle.com/business/article/Uber-and-Lyft-r...