Uber reportedly losing $2B per year, with passengers paying 41% of each ride

Re:Uber reportedly losing $2B per year, with passengers payi... by OliverJones on Sunday December 04, 2016 @07:11AM (#13099722)

"Labor," huh? Uber's "laborers" also carry the capital cost, operating cost, and risk of the transportation service they provide. They own their vehicles and pay for fuel, maintenance, and insurance.

Who covers those costs when no drivers are in the mix?

Somebody has to pay for that stuff. It's still true that a big chunk of uber's success in big cities comes from dodging regulations and medallion costs. In other words, they are gypsy cabs with a slick app.

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Re:Uber reportedly losing $2B per year, with passengers payi... by VLM on Sunday December 04, 2016 @07:48AM (#13099802)

"In other words, they are gypsy cabs with a slick app."

My question is how do you lose money doing that? Ignore expensive regulations and licensing, automate the heck out of the backend, should make piles of money not lose.

Maybe the losses are some form of hollywood accounting to keep the fire off the whole "ignore regulations" aspect of the business model.

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Re:Uber reportedly losing $2B per year, with passengers payi... by i__believe on Sunday December 04, 2016 @08:42AM (#13099951)

Hire too many expensive engineers?

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