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 ]
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.
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.