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This article seems to ignore the added revenue from a driver having a car and driving people around for Uber. The better metric is probably the average profitab
by b_ttercup 9y ago
This article seems to ignore the added revenue from a driver having a car and driving people around for Uber. The better metric is probably the average profitability of a driver with a leased vehicle.
- tyingq 9y agoIsn't there some debate as to whether there is profitability though? Or have they definitively made the turn away from investor money subsidizing below cost rides?
- onion2k 9y agoThe numbers in the article came from Uber. If there was a better metric they could have used you'd think they would have done.
- Analemma_ 9y agoThey're still subsidizing rides though. This program is paying for the privilege to lose more money!
- bogomipz 9y agoThere's also debt servicing that Uber needs to pay for the billion dollar line of credit it received and tapped. It's possible the true metric is actually worse.
- URSpider94 9y agoIn most markets, Uber is also losing money on a per-ride basis. So, the lease subsidy is offset by the rider subsidy ... to give a larger negative number.