how does Uber lose so much money if it realistically doesnt do anything besides run an app, like the cost of depreciation, repairs, and fuel is all driver side and Uber just takes a cut from each transaction how can they be so in the red
In: Economics
Uber is a growing company.
Companies that are growing and expanding tend to burn through cash because its not cheap to grow.
Any money they make is immediately dumped into R&D for driver less cars, servers, programmers, promotions to encourage people to sign up as a driver or to use their services.
Latest Answers