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A comment on Confession: I Don’t Think Uber Is Actually a Great Business (Yet).

Re:Confession: I Don’t Think Uber Is Actually a Great Busine... by nhorob67 on Saturday December 10, 2016 @10:16PM (#13149404)
How could Uber have negative gross margin? I have a hard time believing that.

I guess it depends on what they include in COGS.

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Re:Confession: I Don’t Think Uber Is Actually a Great Busine... by aarongolliver on Saturday December 10, 2016 @10:52PM (#13149506)
They pay drivers more than they charge users. It's pretty simple.

Over 75% of my Uber rides are heavily subsidized in some way:

- pools where no one else is picked up.

- 25% off coupon for 10 rides (I almost always have one of these)

- 50% off coupon for 5 rides (I get like once a month, and have one currently)

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