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> their annual net profits will be more than $1 billion dollars. Where do you see that from the article you linked? It says So $10 billion of gross revenue wou
by frostmatthew 12y ago
> their annual net profits will be more than $1 billion dollars.
Where do you see that from the article you linked? It says So $10 billion of gross revenue would equate to $2 billion of net revenue. To have profits of over $1B on $2B of revenue would mean a profit margin of over 50%!
- berkay 12y agoWhy do you think Uber is about to raise funding with ~$40 billion valuation? They don't have profits now because they are investing in growth.