Around the Net
Can Uber Slow Cash Burn?
- Knowledge@Wharton, Thursday, January 26, 2017 8 AM
Can Uber slow its rate of cash burn before losses start to threaten the company’s viability? On the surface, stemming the red ink doesn’t sound so hard. Since it does not own vehicles or employ drivers, the company saves a fortune in capital and workforce costs. However, Uber spent a fortune training, recruiting and subsidizing drivers.
