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Is Uber Profitable or Losing Money?

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RPaulson
558 Driver
 Posted 3 years, 11 months ago

I don't understand anymore.

This article says they are now profitable in the USA

http://fortune.com/2016/02/18/uber-profitable-us/

This article says they are losing billions of dollars worldwide.  I guess mostly in China?

https://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016

Then this article says their business model is a scam and they'd have to quadruple the fares to become profitable.

http://www.news.com.au/finance/business/travel/uber-would-need-to-quadruple-fares-to-become-profitable-expert-claims/news-story/df96001b40f6d9bf0412714e7362b64a

Comments

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    ThomBrady
    121
     2 years ago

    Ths question is like 1.5 year ago.

    Hello time travelers.  No, Uber isn't making any money yet in 2018. LOL.

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    SmittenKitten
    2041 Rider
     3 years ago

    The third article about how Uber is losing money to gain marketshare remind me of the story of Starbuck and how they expanded while putting local coffee shops out of business.   

    Nothing new.  There would be a nice local coffee shop.  Starbucks wants to take over, but instead of competing, they'd build 5 Starbucks around it, charge super-low prices, then squeeze the original one out.  Then they shut down 4 Starbucks.  What you are left with is one winner.