While I admit that the losses are staggering, the growth rates are also astounding:
Revenue
2016: $3.8bn
2017: $7.9bn
2018: $11.27bn
Trips
2016: 1.8bn
2017: 3.7bn
2018: 5.2bn
The internet is such a game-changer.
Revenue
2016: $3.8bn
2017: $7.9bn
2018: $11.27bn
Trips
2016: 1.8bn
2017: 3.7bn
2018: 5.2bn
The internet is such a game-changer.
We don’t know what the numbers look like until Uber either raises their prices or cuts their expenses to be viable long term.
Or subsidizing artificially cheap rides is a game-changer.
Yes but also portable, low-cost GPS enabled internet connected devices are a game-changer. I don't see how Uber or Lyft could exist prior to the iPhone pushing adoption of GPS.