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A comment on Uber Gets Run Over by Its Own Subprime Auto Leases.

Re:Uber Gets Run Over by Its Own Subprime Auto Leases by b_ttercup on Wednesday August 09, 2017 @08:13AM (#14967782)
This article seems to ignore the added revenue from a driver having a car and driving people around for Uber. The better metric is probably the average profitability of a driver with a leased vehicle.
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Re:Uber Gets Run Over by Its Own Subprime Auto Leases by onion2k on Wednesday August 09, 2017 @08:46AM (#14968068)
The numbers in the article came from Uber. If there was a better metric they could have used you'd think they would have done.
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Re:Uber Gets Run Over by Its Own Subprime Auto Leases by tyingq on Wednesday August 09, 2017 @08:26AM (#14967878)
Isn't there some debate as to whether there is profitability though? Or have they definitively made the turn away from investor money subsidizing below cost rides?
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Re:Uber Gets Run Over by Its Own Subprime Auto Leases by Analemma_ on Wednesday August 09, 2017 @09:21AM (#14968443)
They're still subsidizing rides though. This program is paying for the privilege to lose more money!
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Re:Uber Gets Run Over by Its Own Subprime Auto Leases by URSpider94 on Wednesday August 09, 2017 @11:35AM (#14970220)
In most markets, Uber is also losing money on a per-ride basis. So, the lease subsidy is offset by the rider subsidy ... to give a larger negative number.
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Re:Uber Gets Run Over by Its Own Subprime Auto Leases by bogomipz on Wednesday August 09, 2017 @10:25AM (#14969187)
There's also debt servicing that Uber needs to pay for the billion dollar line of credit it received and tapped. It's possible the true metric is actually worse.
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