When will Uber make a profit? Apparently in 3 years.

Posted 6 years, 2 months ago

Posted In

Rideshare News

News, media buzz around the industry, cool images, and more. Share them here, and discuss with others in the rideshare industry, including Uber drivers, passengers, journalists, and rideshare companies.

Posted By

sethgregor

Ride Apprentice

Hot Forum Topics

If you were the new CEO of Uber, with absolute power, what would be the first thing you'd change?
If drivers are really losing money with Uber then why do you keep driving for Uber?
NYC Ride Volume - Uber "officially" destroys Taxis going into 2018
What's a typical passenger rating for Uber? Is 4.50 good?
Surge and upfront pricing coming to Taxis! Say bye to meters!![NBC]
As a driver, have you kicked out a passenger? Ended a ride early mid-trip?
Can I ask my Uber driver to NOT record me with his webcam? If I do not want to be recorded, shouldn't I be able to request that?

More...

According to Uber, they will finally make a profit in 3 years time. Until then they will continue losing billions...

https://www.forbes.com/sites/debtwire/2018/10/12/uber-says-its-three-years-from-turning-a-profit-as-it-pitches-debut-bond/#623723655e0e

Comments

-1

1
{{ ratingSum }}
RedANT
1072 Rider Driver
6 years ago
Uber will say anything to keep the moneytrain chugging along. Fact is that they don't have enough revenue to survive 3 years, and even once that time passes. there is zero indication that they'll ever be able to even become profitable.

If drivers are absorbing all the costs and Uber still can't turn a profit, I can't see how Uber will ever make a profit without extreme changes to the way it does business.

Don't believe any public statements from Uber. EVER.

link | reply

Log in using

Or using RideGuru