Re:Is the Ride over for Uber?
by youngtaff on Monday July 04, 2022 @05:00AM
(#31975005)
Exactly!
How Uber is a $50bn business is beyond me
- they have never made a profit
- they’re unlikely to ever make a profit unlikely to ever reduce costs enough - they need to reduce expensive headcount rather than squeeze drivers and restaurants
- the early money sole out at a profit while passing their losses onto new punters via IPO
How Uber is a $50bn business is beyond me
- they have never made a profit - they’re unlikely to ever make a profit unlikely to ever reduce costs enough - they need to reduce expensive headcount rather than squeeze drivers and restaurants - the early money sole out at a profit while passing their losses onto new punters via IPO