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>and profitable Are they? Everything I've read indicates that they are not. http://www.bloomberg.com/news/videos/2015-06-30/uber-loses-money-as-it-grows http:

• x0x0 11y ago
  Actually, everything I've read says they are in mature cities. Leaked numbers say they're stupendously profitable in their oldest markets: nyc, sf, etc. They are losing money overall because they subsidize drivers when they move into new markets. But the key is always to look at existing markets. The quickest numbers I could find were leaked in 2014. est yearly rev run rate city ======================= ==== $212+mm sf $312 mm nyc $141 mm dc $150 mm chicago ======= ======= $815 mm total http://www.businessinsider.com/uber-revenue-rides-drivers-and-fares-2014-11 http://www.businessinsider.com/uber-revenue-rides-drivers-an... edits: made table
  • uptown 11y ago
    I guess the larger question is how do drivers respond when their rates get dropped after a market is mature. I imagine the answer is different depending on the market.
    • x0x0 11y ago
      Those above cities are, I believe, post rate drops. Also other leaked numbers have said Uber continues to grow. My guess is driver happiness doesn't impact Uber's business much; our economy seems to generate enough desperate people that they have a nearly never ending stream of people willing to drive for $5/hour (a reasonable estimate of an UberX driver's true net comp.)
      • uptown 11y ago
        Seems like much of that short-term profit would easily be negated by increased frequency of maintenance due to wear-and-tear on driver vehicles.