Uber has built up $31.5B in operating losses since 2014(global-uploads.webflow.com)
global-uploads.webflow.com
Uber has built up $31.5B in operating losses since 2014
https://global-uploads.webflow.com/61ea4a526864d021a5ef3bfc/64ca6cb2bf4114f7014476b2_AeIbue1dK8f_LTCwxOc6TyjJuvUnTEoBAymd93idNRAGgm8XIS7AEz2g1zlCi5-m6wN_gpti5uIWfs1tJG0SFTtlMXxXN0EbKFWLV365fHCyirqhZF9XJxNWfGCu0mzWuRpjf7M9bbtK2q3qK3pZ9FUqFat6EA%3Ds0-d-e1-ft.png
2 comments
We lose a quarter, or two, on the dollar, but we will make it up on volume! ;)
That reminds me of this classic SNL commercial for the bank that only provides change: https://youtu.be/KodqIPMbyUg
Who got all this money? The developers? The drivers (uber paying drivers more than they collected from the passenger, back when they subsidized rides)?
The Uber Management people. You can be sure that the Uber management are laughing all the way to their banks. The suckers, the Uber drivers and Uber investors, not so much.
AWS obviously
Passengers.
The passengers don't get any money. The driver got money from Uber and from the passenger. Even if a passenger got a completely free ride, that's the driver getting paid by Uber for a ride he wouldn't have gotten as easily otherwise. So I'd count it as the driver getting paid still by VC money.