Trying to understand why Uber is not profitable
Long time ago, an Uber driver told me that Uber just connect them to customers and take money from that. Uber doesn't need to pay for gas, car maintenance etc.
But Uber is still not profitable last time I checked. What did they spend so much money on? I am thinking an analogy with real estate agents, not sure how they could lose do much money.
Be gentle please, I am not in SW, so I don't quite understand the operations of Uber.