The Uber Bombshell About to Drop
<i>Uber passengers only pay 41% of the cost of trips, with investor capital making up the difference</i><p>FWIW this assertion (which isn't really core to the central thesis of the post, but still) is wrong. That number comes from<p><a href="https://ftalphaville.ft.com/2016/12/01/2180647/the-taxi-unicorns-new-clothes/" rel="nofollow">https://ftalphaville.ft.com/2016/12/01/2180647/the-taxi-unic...</a><p>but the author of that story misread the data. Uber only counts their cut as revenue not the full cost of the ride.<p>Despite this repetition (now corrected, thx!) of this incorrect data I find the overall thesis of the post compelling! As a disinterested bystander, it will be interesting to see how it all plays out.<p>EDIT: It turns out the original 41% statement comes from <a href="http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html" rel="nofollow">http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...</a> not from the Financial Times. It can be hard to trace these things back sometimes.