(1) uber owns nothing (mostly), and
(2) depreciation doesn't really affect real-world profit/loss as a "regular person" expects. Its mostly an accounting tool (that often lets companies hide money). If you eg. build a building, you can depreciate ~10% a year in many cases, but that doesn't really mean you're losing/gaining money.
Eg. a residential building can depreciate at 5% a year. If you owned and rented a house in SF, its not decreasing in value by 5% a year, probably even considering cost of repairs/upgrades grows as a building ages (the purpose of this metric). So including a (-5% of building) depreciation amount on the earnings of said rental property makes little sense when evaluating if its "profitable".
(1) uber owns nothing (mostly), and (2) depreciation doesn't really affect real-world profit/loss as a "regular person" expects. Its mostly an accounting tool (that often lets companies hide money). If you eg. build a building, you can depreciate ~10% a year in many cases, but that doesn't really mean you're losing/gaining money.
Eg. a residential building can depreciate at 5% a year. If you owned and rented a house in SF, its not decreasing in value by 5% a year, probably even considering cost of repairs/upgrades grows as a building ages (the purpose of this metric). So including a (-5% of building) depreciation amount on the earnings of said rental property makes little sense when evaluating if its "profitable".