Why are service apps like Uber and DoorDash losing so much money despite being so popular? What are they spending all that money on?
In: 523
What do they need to engineer further though?
It’s an app that is already made. They don’t really need to make changes to it unless they want to.
The only real expenses are drivers, basic liability insurance, and credit card company fee.
Marketing is kind of wasted money when it comes to Uber as everybody just kind of already knows about it. No reason to promote it.
Execs should just make the leftover profit.
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