Why are service apps like Uber and DoorDash losing so much money despite being so popular? What are they spending all that money on?
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I believe Uber’s plan is to build up their user base while they move to self-driving cars. No need to pay for drivers. They’re willing and able to operate at a loss in the meantime. But not indefinitely.
But the self-driving part is taking much longer than they had expected.
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