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by HappyTypist 3839 days ago
Uber lost 470m/period. As the article mentions, these figures are outdated by a number of years and completely irrelevant - Uber is hitting more than 2.5 billion in revenue (commission) this year.

According to public information, Lyft is losing approximately 3 to 5 times the amount of money per ride.
2 comments
argonaut 3839 days ago
If those numbers are indeed out of date (I'm not taking an Uber spokesperson's word for it), I would be inclined to believe they are losing even more than $470M/period, given their extremely aggressive expansion and extremely aggressive fundraising.
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HappyTypist 3838 days ago
In China, yes, but recent Uber aggression has been anything but aggressive. Just look at driver referral incentives been slashed from $750 to $200 (if you're lucky).
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viscanti 3839 days ago
> According to public information, Lyft is losing approximately 3 to 5 times the amount of money per ride.

And it sounds like they're struggling to gain market share even given those subsidies.

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