Uber: Playing the longer game for future gain
Uber had an operating loss of $470 million (€434m) on $415m in revenue in a time period not specified, according to information that’s being shown to potential investors in the ride-sharing service. An Uber spokeswoman called the numbers “substantially old.”
Getting Uber’s car-booking application up and running in cities around the globe isn’t cheap. Its major costs include an international expansion, subsidising rides in new markets, recruiting drivers, hiring engineers, leasing offices and building a lobbying operation.
