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Rides aren't subsidized. They have a gross profit of 1.5 billion against 0.5 billion of marketing expense.
by treis 4y ago
Rides aren't subsidized. They have a gross profit of 1.5 billion against 0.5 billion of marketing expense.
- radicaldreamer 4y agoThat's because they haven't expanded into new markets recently. That will flip if they entered Europe or Asia
- ac29 4y agoNot 100% sure about Lyft, but Uber definitely called their subsidies marketing.
- treis 4y agoRight, but since marketing is 0.5 billion and gross profit is 1.5 billion the worst case is that they have 1 billion of real gross profit.