“Why companies like uber, doordash, lyft, etc. make billions in dollars but make no profit?”

Question

“Why companies like uber, doordash, lyft, etc. make billions in dollars but make no profit?”

In: 4

Answer 1

gross vs net

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if you get £1 pocket money off your mum each day, but you spend £1.01 each day. you lose money

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but if you only look at the money coming in, you make £365 a year