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Old 10-27-2015, 12:38 AM   #475
accord1999
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Join Date: Aug 2010
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Quote:
Originally Posted by blankall View Post
Wow. Didn't realize they took that much. Still a lot less than the cab company and licence owners take, but that's hefty...Is Uber a public company?
The difference is that generally a taxi driver leases a cab for a flat fee but keeps everything above it and vehicle deprecation and maintenance is covered by the company. The Uber driver covers all vehicle costs from their net fares.

Uber's still a private company that's been raising a lot of money lately. However, the most recent financial documents indicates it's losing a lot of money, spending about $2 for every $1 they take in revenue.

Last edited by accord1999; 10-27-2015 at 12:49 AM.
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