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Income is profit. Uber made $2.6 billion. What you are talking about is revenue.Uber generated $11.2 billion in revenue. Their profit margin was 23%. Up from
by enslavedrobot 2y ago
Income is profit. Uber made $2.6 billion.
What you are talking about is revenue.Uber generated $11.2 billion in revenue.
Their profit margin was 23%. Up from 2.3% a year ago.
Business terminology is precise. Any founder that makes this mistake in front of an investor will lose their trust. Know the difference.