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Is Uber profitable already or are they waiting for another order of magnitude increase in scale before they bother with that? Amazon is the poster-child of tha
by marcosdumay 2y ago
Is Uber profitable already or are they waiting for another order of magnitude increase in scale before they bother with that?
Amazon is the poster-child of that mentality. It spent more than it earned into growth for more than 20 years, got a monopoly on retail, and still isn't the most profitable retail company around.
- SoftTalker 2y agoUber the company was profitable last year, for the first time[1]. But I am doubtful that the larger enterprise that is Uber (including all the drivers and their expenses and vehicle depreciation, etc) was profitable. I haven't seen that analysis. [1] https://www.theverge.com/2024/2/8/24065999/uber-earnings-profitable-year-net-income https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro...
- kridsdale1 2y agoBecause they put ads on their UI.
- smolder 2y agoI haven't used Uber any time recently but this both made me laugh and feel deeply sad.