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by oblio 3084 days ago
Uber Meltdown incoming? Jokes aside, do they still have ridiculous losses at the moment?
1 comments

According to Statista [1], Uber lost $1.46 billion in the third quarter of 2017. And that is a significant increase from losses of just a billion dollars a year earlier. But, gross revenue for Uber reached nearly $10 billion from July to September of this year. Sounds not bad, however, the majority of the money goes to drivers, while uber received $2.0 billion. Which means that Uber spent about $3.5 billion in expenses to earn $2.0 billion in revenue.

[1] https://www.statista.com/chart/12059/uber-revenue-bookings-a...

Then why do people rate them so highly?!? Not even Amazon operated like this.

At this point Uber resembles Webvan.com, than Amazon.com.

Does anyone really believe that they're going to recover the money invested in Uber? Let alone get more on top of that.

I don't get it...