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by marcosdumay 633 days ago
Is Uber profitable already or are they waiting for another order of magnitude increase in scale before they bother with that?

Amazon is the poster-child of that mentality. It spent more than it earned into growth for more than 20 years, got a monopoly on retail, and still isn't the most profitable retail company around.

1 comments

Uber the company was profitable last year, for the first time[1].

But I am doubtful that the larger enterprise that is Uber (including all the drivers and their expenses and vehicle depreciation, etc) was profitable. I haven't seen that analysis.

[1] https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro...

Because they put ads on their UI.
I haven't used Uber any time recently but this both made me laugh and feel deeply sad.