Re:Uber Founder Travis Kalanick Resigns as C.E.O.
by tedsanders on Wednesday June 21, 2017 @01:00PM
(#14605608)
Is there evidence that Uber is has negative gross margins in developed Western cities? (Not a rhetorical question - I'm open-minded and very curious.)
From their 2015 financials, it looks like revenues have been consistently higher than cost of sales.
Source: http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...
Particularly not if you can't set up an operation in an Western city with expensive taxi services without losing money on every ride you operate even before centralised overheads are taken into account.