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Uber, Lifting Financial Veil, Says Sales Growth Outpaces Losses

Discussion in 'Melbourne | Uber Drivers Forum' started by Uberx zoom, Apr 15, 2017.

  1. Uberx zoom

    Uberx zoom Well known member (founder)

  2. HumungousDill

    HumungousDill Active Member

    They are probably lying. Did they have their accounts audited or was it just word of mouth from a senior Muppet
     
  3. mule

    mule Member

    They take 25% of each trip with minimal overheads and big tax avoidance. Of course they are making money. It would be really difficult for them not to. The only reason they are not profitable as a whole is because they use that income to fund growth and expansion in other places which does initially lose money.
     
    Riders Champion likes this.
  4. skyco

    skyco Active Member

    You took the words right out of my mouth. It's us drivers who carry most of the expenses of operating the Uber business. They, Uber just cut a commission. The Losses that they keep declaring are just investments in research and development and mainly designed for even more tax aviodence.

    One must be an absolute moron to lose money in the current business model they operate under, and morons they are not.
     
    Last edited: Apr 16, 2017
    mule likes this.

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