How well is Uber doing?

Author Topic: How well is Uber doing?  (Read 120 times)

Offline lamisha

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How well is Uber doing?
« on: April 20, 2017, 12:29:02 PM »
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

Offline 710001603

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Re: How well is Uber doing?
« Reply #1 on: April 20, 2017, 12:34:03 PM »
Sad Indeed :)
Regards,

Md. Golam Rosul(GR)

Department of Electrical and Electronic Engineering
Faculty of Engineering
Daffodil International University (DIU)
Room:506, 4th Floor, Main Campus
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