How well is Uber doing?

[lamisha]

Uber is not doing well. It’s hemorrhaging cash, to the tune of about $2 billion for 2016 and possibly as much as $3 billion for 2017. Also, the core service (individual rides) is largely a negative margin business. By some accounts, fares only cover about 40% of the cost of the ride!!

link: https://www.forbes.com/sites/quora/2017/04/19/how-solid-is-ubers-business-foundation/#6a371cdc7099

[710001603]

Sad Indeed