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Why is profitability for "sharing" apps so difficult to attain?
I've read that it's normal for tech startups to lose money for the first few years,
but Uber and AirBnB are 8 and 11 years old,
>Uber is on track to lose $3bil
>AirBnB only just became profitable earlier this year. ($100m profit of $1.7b)
for companies earning revenue in the billions, how are they still spending so much on expenses?
Not suggesting the people running U / A are stupid, or that I could do a better job
I'm just confused about how they're pouring billions of dollars
into businesses that seem like they would run themselves after a certain point
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>>3461563
uber would be in profit if not that stupid self driving nonsense.
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>>3461696
yeah Uber definitely needs to get their automated taxi fleet ready soon
but even with human drivers, with Uber taking 1/3,
how are they not rolling in cash?
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>>3461789
it's already profitable in certain areas. but they burned more than 1B in china and then pulled out. they also do those various giveaways/freebies/reimbursements in 2nd world countries to attract users.
bottom line is right now they care about growth and not about money. that's because they still have around 10B in the bank.
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