Are Lyft and Uber making profit?

eBay / Eng
👀RUseless

Go to company page eBay Eng

👀RUseless
Apr 5, 2019 13 Comments

I have heard that Lyft and Uber are not making much until they have self driving cars.
And I believe, they are spending / investing all their profit for self driving.

comments

Want to comment? LOG IN or SIGN UP
TOP 13 Comments
  • It takes one second to google that they both lose a shit ton of money
    Apr 5, 2019 1
  • Uber
    vgghhh

    Go to company page Uber

    vgghhh
    Both are losing money but Uber is losing a LOT less relative to both gross bookings and net revenue and its far more diversified (and continues to diversify) so it has a lot greater chance of getting to profitability.

    It’s worth remember that Amazon didn’t get to where it is today by just reinvesting its profits into its core business, retail. It got there by diversifying into other tangential businesses like AWS that had fat margins.
    Apr 5, 2019 2
    • Amazon reinvested their otherwise-profits into expanding distribution network and product offerings.

      Uber is using profits and being forced to spend it on discounts/promos to compete with other ride share companies all over the world

      The one smart move that Uber did do is realize how over-hyped and far out the entire “self driving vehicles for personal use” is, began pulling the plug, and fakes the rest of the entire tech industry into thinking that “L5 self driving is the future, coming soon”. Meanwhile, Dara is aggressively using borrowed time to try to make something else work (eats for now, since it seems profitable, which buys enough time to break into freight and other sectors)
      Apr 5, 2019
    • New / Eng
      |l|l||l|l|

      New Eng

      |l|l||l|l|
      The AWS of Uber will be the transportation platform on which it will become a one-stop app for all your transportation needs.
      Apr 5, 2019
  • They’re both hemorrhaging money. It’s common knowledge and a google search will give you plenty of results.
    Apr 5, 2019 0
  • Square
    ☄️☄️☄️☄️☄️

    Go to company page Square

    ☄️☄️☄️☄️☄️
    Actually they are making tons of profit. Just not at the present moment
    Apr 5, 2019 0
  • IBM
    1BM

    Go to company page IBM

    1BM
    Amazon was unprofitable for years
    Apr 5, 2019 1