News for hackers. Stuff that matters.

A comment on This Tech Bubble Is Bursting. Parent comment

Re:This Tech Bubble Is Bursting by sbierwagen on Monday May 02, 2016 @05:44PM (#11615937) 

  Their profitability in America, means they are in no 
  threat of "dying".
Ha.

http://www.businessinsider.com/uber-says-its-profitable-in-t...

  Citing previously undisclosed financial documents, 
  Bloomberg pegs Uber’s February US profit per ride at 
  $0.19 (not including “interest, taxes, and equity-based 
  compensation for employees").
Nineteen cents per ride. Before tax!
[ Parent | on HN ]
Re:This Tech Bubble Is Bursting by delecti on Monday May 02, 2016 @06:50PM (#11616383)
The article isn't specific enough to know for sure whether that's average profit per ride, or whether that's the margin they skim off the top per ride

Does that $0.19 come from (total margins from US rides - total US operating expenses) / (total number of US rides), or is it (total user payment - total driver costs) / (total number of US rides). The former means that they're actually bringing in about 10m in total net profit per month, which isn't terrible. The latter means they're probably not doing so well.

[ Parent | on HN ]
Re:This Tech Bubble Is Bursting by goldbrick on Monday May 02, 2016 @06:28PM (#11616253)
They're doing more volume than the entire taxi industry though. It adds up.
[ Parent | on HN ]
Re:This Tech Bubble Is Bursting by sbierwagen on Monday May 02, 2016 @08:04PM (#11616834)
http://www.barrypopik.com/index.php/new_york_city/entry/we_l...
[ Parent | on HN ]