Daffodil International University

Faculties and Departments => Faculty Sections => Faculty Forum => Topic started by: lamisha on April 20, 2017, 12:29:02 PM

Title: How well is Uber doing?
Post by: lamisha 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

Title: Re: How well is Uber doing?
Post by: 710001603 on April 20, 2017, 12:34:03 PM

Sad Indeed :)