RIDEGURU
How can Uber afford to lose billions even after being listed publicly?
Posted 5 years, 3 months ago
Posted In
Ask a RideGuru
Questions from riders and drivers answered by our Ride Gurus and Rideshare Experts
Posted By
HickMick
9
Ride Apprentice
Popular Links
- Maximum Ridesharing Profits
- Fare Estimator
- Rideshare 101
- Sign up for UberAd
- Sign up for Uber EatsAd
- Sign up for Lyft - $5 offAd
Comments
IPO at 45
It's been dine before by all technology companies like AMZN, FB, SNAP, NFLX etc. The difference here is Uber and Lyft don't have a plan to make them profitable and both are in a very low margin businesses. They can afford to lose money until they run out of cash which won't be for a while.