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by baddox 3460 days ago
Are there any good sources for Uber's unit costs versus prices? I would be surprised if all rides in all markets are subsidized by VC money. I would expect most of the VC money is being spent on expansion (more cities and more drivers) and that Uber service is actually profitable in mature markets. There are several articles claiming that Uber is profitable in the US.
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This is the only in-depth treatment I have found. It's damning: http://aswathdamodaran.blogspot.com/2014/06/a-disruptive-cab...
That is from two and a half years ago.