Comment Comment by jqpabc123 That's no Google but that's also no "barely makes any money" territory, no?Yes.Income and profit are not the same.Uber spends all their income and then some --- which actually leaves them in "makes less than no money territory".Imagine winning $100 at a casino. You tell your buddies about the big win but you conveniently neglect to mention the fact that you lost $200 first.Your income was $100 but your expenses were $200 which leaves you with a net loss of $100. parent jqpabc123 1 year ago
Yes.
Income and profit are not the same.
Uber spends all their income and then some --- which actually leaves them in "makes less than no money territory".
Imagine winning $100 at a casino. You tell your buddies about the big win but you conveniently neglect to mention the fact that you lost $200 first.
Your income was $100 but your expenses were $200 which leaves you with a net loss of $100.