“If platform companies are making a profit that relies on paying workers less, then arguably the difference could come out of the companies’ pockets, not the consumer’s.” “66% of full-time gig economy workers are earning below the minimum wage.”
“If platform companies are making a profit that relies on paying workers less, then arguably the difference could come out of the companies’ pockets, not the consumer’s.” “66% of full-time gig economy workers are earning below the minimum wage.”
Uber has been making a profit for longer than you think. They put most if not all that profit back into the company, mostly into self driving tech that they recently sold off. They also got caught with a ton of cash stashed overseas that they never reported on their taxes.
Don’t believe what companies like uber claim as to their profitability or lack of.
Anyone who thinks uber hasn’t been profitable should check out some ocean front property I have in Colorado, I also have a few bridges you should consider buying.
While there may be some creative accounting for some things I think overall they don’t have a good handle on their cash flow otherwise they wouldn’t be in the news recently warning of spikes for delivery fees. Now that they showed profitability they need to continue to show shareholders they are a good bet.
You need to learn how corporations actually operate. The shareholders should also abandon the vulture capitalist model because I can tell you as a driver that the future of uber is clapped out cars that haven’t been maintained and drivers that couldn’t get a job at McDonald’s.
Again. Ubers situation is nothing like what they say they publicly and it’s more than just creative accounting.