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A comment on Uber cuts 3000 more jobs, closes 45 offices. Parent comment

Re:Uber cuts 3000 more jobs, closes 45 offices by nerfhammer on Monday May 18, 2020 @02:21PM (#23226341)
the idea that uber loses money on rides because of "VC" needs to die. uber is not VC funded anymore and hasn't been for a long time now.

uber loses money on every ride because uber loses money overall because it spends a lot of money on other projects, not because the marginal cost/benefit of each ride is negative.

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Re:Uber cuts 3000 more jobs, closes 45 offices by dbancajas on Monday May 18, 2020 @03:55PM (#23227582)
If they spin off the ride sharing part of the company how much are they earning? do you know?
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Re:Uber cuts 3000 more jobs, closes 45 offices by mqnfred on Monday May 18, 2020 @06:00PM (#23228892)
The ridesharing line of business has been profitable for at least a year from what I can tell. The plan was for it to cover all the other costs by EoY 2020, incl. HQ expenses and other bets like Eats.
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