Uber and Lyft say they're ending services in Minneapolis over a city-mandated driver pay increase. The city council pushed through the measure to bring driver pay closer to the local minimum wage of $15.57 an hour.
Uber is making way more money than they let on. They got caught stashing millions over seas. They and lyft both take over half of the transaction on average and have reduced their support teams to mostly bots and people who can barely read.
No, they barely make money as it is
Lyft is losing money, Uber is barely profitable
Uber is making way more money than they let on. They got caught stashing millions over seas. They and lyft both take over half of the transaction on average and have reduced their support teams to mostly bots and people who can barely read.
Millions? That’s almost as much as they make in a day
Tell us you don’t understand gross revenue versus net profits without telling us.
Uber increased the cash on hand by 139M in the 4th quarter, so they definitely make more than a million a day net profit