I looked. The articles aren’t actually saying that the rides have a negative profit. Only that margins are low (which is quite plausible)
The article is consistent with both of our beliefs, i.e. it’s vague as to whether losses are intrinsic to rides, or whether margins are low + there are expansion costs.
The article is consistent with both of our beliefs, i.e. it’s vague as to whether losses are intrinsic to rides, or whether margins are low + there are expansion costs.
https://www.forbes.com/sites/lensherman/2019/08/22/ubers-dub...