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 makes money every time a driver takes a fare. There really aren’t that many fares to be had these days, so Uber isn’t making as much money.
Uber also has fixed costs and repairs for their servers (for the actual hardware, for the software, for offices). All of which still need to be paid, regardless of how much cash they have coming in the door
Latest Answers