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0 pointsHappyTypist10y ago0 comments

Uber lost 470m/period. As the article mentions, these figures are outdated by a number of years and completely irrelevant - Uber is hitting more than 2.5 billion in revenue (commission) this year.

According to public information, Lyft is losing approximately 3 to 5 times the amount of money per ride.

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argonaut10y ago

If those numbers are indeed out of date (I'm not taking an Uber spokesperson's word for it), I would be inclined to believe they are losing even more than $470M/period, given their extremely aggressive expansion and extremely aggressive fundraising.

HappyTypistOP10y ago

In China, yes, but recent Uber aggression has been anything but aggressive. Just look at driver referral incentives been slashed from $750 to $200 (if you're lucky).

viscanti10y ago

> According to public information, Lyft is losing approximately 3 to 5 times the amount of money per ride.

And it sounds like they're struggling to gain market share even given those subsidies.

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