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Uber CEO claims to be the Amazon of Transportation, what do you think? Will they ever be profitable?
Posted 5 years, 3 months ago
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Posted By
Sergio Avedian (Uberserge)
1300
Rider
Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
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Comments
Amazon makes most of their money on AWS. That is cloud computing services. And they sell a metric butt ton of products. I don't know what "The Amazon of Transportation" means. Will they be profitable ever? Who knows. Maybe if they get into a different game, like amazon did with AWS. Ridesharing industry itself is cutthroat.
Did you read my article? I posted the link, it's in the Rideguru Newsroom.
Thanks. I just read it. You nailed it.
I think they will eventually I mean they have SO many people invested at this point they pretty much have to be profitable in the end. They have a long road though.
4.96 billion in losses to be announced by UBER next week on their earnings report, Amazon's worst quarter was 548 million loss, they're beating Amazon on one thing so far, largest losses in history.
Next week UBER will announce a 4.96 billion loss for the quarter, profits to follow?
Big claims to say you are on an equal playing field as Amazon...
Talk the talk but can they walk the walk? We'll fund out, I'm betting my money on not.