It’s not really when you consider their burn rate. Say each of those trips gross 10$. That’s just 100k/week or $5.2 million/year. They’d need to likely 10,000x the ride volume to even be close to profitability.
Uber does 7.64 billion rides per year. And they are not profitable. The waymo cars sure ain’t cheap, and scale of operations will take a ton of cash. I wonder if waymo would ever be profitable.
Uber does 7.64 billion rides per year. And they are not profitable. The waymo cars sure ain’t cheap, and scale of operations will take a ton of cash. I wonder if waymo would ever be profitable.