They get their cut from millions of rides and that still doesn't cover just servers, dev salaries and promotion? And it happens for years without profit. On the personal level this is almost...
They get their cut from millions of rides and that still doesn't cover just servers, dev salaries and promotion? And it happens for years without profit. On the personal level this is almost surreal.
This kind of market is probably irrationally overvalued: reportedly over 100 devs are making the Android app, and it still has bugs even in my experience. I can be mistaking but it feels like 10 devs could do the job steadily, but probably they hired a bunch of "rock star talents" to continuously push changes for the sake of changes.
They get their cut from millions of rides and that still doesn't cover just servers, dev salaries and promotion? And it happens for years without profit. On the personal level this is almost surreal.
This kind of market is probably irrationally overvalued: reportedly over 100 devs are making the Android app, and it still has bugs even in my experience. I can be mistaking but it feels like 10 devs could do the job steadily, but probably they hired a bunch of "rock star talents" to continuously push changes for the sake of changes.
Remember when the cashout on the driver app was broken for like a week?
As an investor why would I pour money into a company that has never made money? Oh wait, Amazon.