Reply to post: Re: "Uber makes money" It really doesn't.

Taxi for Uber: Ride-hailing app giant stripped of licence to operate in London

W.S.Gosset Silver badge

Re: "Uber makes money" It really doesn't.

Good heavens, Uber is becoming more profitable!

Historically, it had to spend over $1.50 to earn $1.

To look at it another way: it spent its entire revenue then made a further loss of 50% of that turnover.

But these latest figures show a triumph of Uber's management team!

Now they're only spending $1.30 to earn $1.

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