News for hackers. Stuff that matters.

A comment on Uber Lays Off 400. Parent comment

Re:Uber Lays Off 400 by randyrand on Monday July 29, 2019 @04:32PM (#20559111)
They do make profit on each ride, but not when you account for administrative overhead (which is huge because of their ridiculous headcount).
[ Parent | on HN ]
Re:Uber Lays Off 400 by the_narrator on Monday July 29, 2019 @04:45PM (#20559248)
Which would mean they do _not_ make a profit on each ride.
[ Parent | on HN ]
Re:Uber Lays Off 400 by twic on Monday July 29, 2019 @04:55PM (#20559340)
randyrand is talking about gross margin; you're thinking about earnings. You can have a positive gross margin and negative earnings. There's no point arguing about whether this does or does not constitute making a profit in some absolute sense - just understand that both are true.
[ Parent | on HN ]
Re:Uber Lays Off 400 by davidivadavid on Monday July 29, 2019 @04:54PM (#20559331)
Charitable interpretation is that the parent is talking about Uber's gross margin, which is presumably fairly high.
[ Parent | on HN ]
Re:Uber Lays Off 400 by aetherson on Monday July 29, 2019 @04:42PM (#20559214)
Let's split the difference:

They make profit from some rides. And the amount of profit matters, too.

[ Parent | on HN ]