Uber made $6.5 billion last year

Uber released last year’s profit and loss statement to Bloomberg News. It shows that they grossed $20 billion in fares for the year. Considering that Uber drivers, working as independent contractors, take 75% of fares, that would mean Uber should have netted $5 billion in profits based on fares last year. Instead, they report that … Continue Reading “Uber made $6.5 billion last year”