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Why do you have to burn $4bn to add mobile apps to taxis?

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Michael Cote

Posts: 10306
Nickname: bushwald
Registered: May, 2003

Cote is a programmer in Austin, Texas.
Why do you have to burn $4bn to add mobile apps to taxis? Posted: Aug 25, 2016 9:21 AM
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This post originated from an RSS feed registered with Java Buzz by Michael Cote.
Original Post: Why do you have to burn $4bn to add mobile apps to taxis?
Feed Title: Cote's Weblog: Coding, Austin, etc.
Feed URL: https://cote.io/feed/
Feed Description: Using Java to get to the ideal state. 		Latest Java Buzz Posts
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In the first quarter of this year, Uber lost about $520 million before interest, taxes, depreciation and amortization, according to people familiar with the matter. In the second quarter the losses significantly exceeded $750 million, including a roughly $100 million shortfall in the U.S., those people said. That means Uber’s losses in the first half … Continue reading Why do you have to burn $4bn to add mobile apps to taxis?

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