Say hi: DM or kate.conger@nytimes.com.
You write Uber grew *even* as it lost more money. When you have a negative gross margin as Uber does, revenue growth insures losing money. It’s the old joke “we lose money on every one, but we’ll make it up in volume” IRL.
Uber $$$: rides are good, food delivery is a messhttps://www.nytimes.com/2020/02/06/technology/uber-growth-losses.html …
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Rides increased 28% and resulting revenue 27% and they already had a cost per ride that was under water. So the upshot is rides are screwed but eats are more screwed.
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