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by erdevs
3393 days ago
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> All of these pieces carefully avoid talking about the fact that Uber claims to have been profitable in several US cities in 2016. In places where they have had time to figure our their model, pricing and supply/demand, they appear to be capable of becoming profitable. No, they don't. Mid-way through the article, Uber's profitability by geo is addressed. It's not broken down by city because apparently the data isn't available. But purportedly Uber had set goals to reach profitability in the US and Canada but backslid on US profitability at least. It's profitability by geo and operating line of business is also discussed with respect to their debt from investment banks. |
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