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re: Uber opens its books to bloomberg
Posted on 4/17/17 at 10:23 am to TigerTatorTots
Posted on 4/17/17 at 10:23 am to TigerTatorTots
quote:
An employee just signs up, uses his/her own assets to buy their car, then Uber starts making money off their fares
you still have to manage that employee, they have millions of drivers. That cost money.
Also investing back into the company (driverless cars)
Advertising
Lord knows how much on legal fees and dealing with governments and municipalities.
Their gains are apparently still outpacing their losses, but still they have burned through A LOT of cash.
This post was edited on 4/17/17 at 10:25 am
2
Posted on 4/17/17 at 10:45 am to barry
Aren't there also many promotions where uber actually pays the driver more than the cost of the fare?
Posted on 4/17/17 at 10:46 am to barry
quote:
Their gains are apparently still outpacing their losses, but still they have burned through A LOT of cash.
its ridiculous how much cash they burn through. A warning sign that something is not right with management if you ask me.
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