Re:Uber, DoorDash Sue NYC to Stop Delivery Drivers from Gett...
by delfinom on Monday July 10, 2023 @09:30AM
(#36666137)
>So a fleet of depreciating assets
Tax deducting depreciating assets ;)
Re:Uber, DoorDash Sue NYC to Stop Delivery Drivers from Gett...
by stabamole on Monday July 10, 2023 @10:45AM
(#36667232)
And electric, while it might not be as meaningful right now due to starting costs, the reduction in maintenance and operating costs might make the model more viable. And it certainly adds some appeal to environmentally conscious investors for them to be reducing the emissions in India which we know has many areas of poor air quality
> The rides are somehow cheaper, have no surge pricing, and from some insider reports, has profitable unit economics.
So a fleet of depreciating assets with a major infrastructure dependency, lower implied gross margins, and word from insiders of a positive bottom line without publicly disclosed financials to sanity check claims against. Curious to see what their balance sheet looks like.
The entire Asia Pacific geographic region, including India, accounted for 10.9% of Uber's FY22 revenue[1; p. 94]. It's likely more of an incidental snack than full lunch, but it would be funny if Uber lost out to what sounds like an upstart taxi company.
[1] https://www.sec.gov/Archives/edgar/data/1543151/000154315123...