How can they incur that huge a loss? According to Crunchbase they have 5000-1000... | Hacker News

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yalogin on Nov 15, 2018 | parent | context | favorite | on: Uber Revenue Slows as Quarterly Loss Surges to $1....

How can they incur that huge a loss? According to Crunchbase they have 5000-10000 employees. They have a backend to manage. They have limited sales and marketing expense.Where is their money going? R&D or just employee pay?

alasdair_ on Nov 15, 2018 [–]

I assume most of the money goes to incentives to the drivers to keep driving when a 30 minute ride in sf cost me $3 the last time i used uber.

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