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by ddon
3084 days ago
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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... |
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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...