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A comment on Uber Founder Travis Kalanick Resigns as C.E.O.. Parent comment
My main takeway: revenues are higher than their cost of sales. In other words, they are earning money on marginal rides served. Not losing money.
To me, this suggests that profitability is plausibly achievable if they end subsidies into small markets and drastically cut development costs.
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My main takeway: revenues are higher than their cost of sales. In other words, they are earning money on marginal rides served. Not losing money.
To me, this suggests that profitability is plausibly achievable if they end subsidies into small markets and drastically cut development costs.