Looks like the author is being intentionally deceptive. Uber lost $1.27bn globally (mostly in China AFAIK), but only $100m in the US. The author spent all his time talking about the US, and then tried to group the global loss onto the price of all rides. Not all rides are equal. Not all loses come from driver wages. Big overhead and marketing costs trying out the Chinese market.
Uber booked well over 100M US rides. I think 400M, but I can't find a reliable source ATM. You do the math. Uber rides don't cost an average of $2 in the US. Uber isn't paying 50% of our bill in the US.
Uber booked well over 100M US rides. I think 400M, but I can't find a reliable source ATM. You do the math. Uber rides don't cost an average of $2 in the US. Uber isn't paying 50% of our bill in the US.