[learc83]

That’s not what Forbes has been saying about Uber since 2017. Look up more recent Uber article by them.

One accuses Uber of creative accounting to attempt to make the rideshare business look profitable.

[graeme]

I looked. The articles aren’t actually saying that the rides have a negative profit. Only that margins are low (which is quite plausible)

The article is consistent with both of our beliefs, i.e. it’s vague as to whether losses are intrinsic to rides, or whether margins are low + there are expansion costs.

https://www.forbes.com/sites/lensherman/2019/08/22/ubers-dub...