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
They’ve been investing a huge amount of money in driverless vehicle research. The eventual goal is to eliminate the Uber drivers.
They also subsidize rides in new markets and take a loss there to edge out existing taxi competition.
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