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Earlier quoted context omitted.
https://www.payscale.com/research/US/Employer=Uber_Technolog...
> Marketing Manager > Average: $67,935 And that's for a manager. 40k may be a little low, perhaps they're making 50 or 55, but it's not unreasonable for a normal marketing job.
Earlier quoted context omitted.
https://www.payscale.com/research/US/Employer=Uber_Technolog...
> Marketing Manager > Average: $67,935 And that's for a manager. 40k may be a little low, perhaps they're making 50 or 55, but it's not unreasonable for a normal marketing job.
Earlier quoted context omitted.
Have you got the right number of zeroes there? Three billion per year?
Yep - $3.2b is the headline cost of sales and marketing in 2018. In 2019 that number as of Q1 has shot up to a $4b+ run rate: https://investor.uber.com/news-events/news/press-release-det... - - Even more interesting in that number. The accounting department came up with a nice way to mask their "unprofitable rides" and call them "customer discounts". This is the line item for costs where they pay a driver more than t…
> The marketing team had more than 1,200... I fully admit that I'm not in marketing, so there are surely nuances I don't know. But that scale of marketing department is orders of magnitude above any other place I have worked, with the possible exception of IBM in the 90s. Just maybe... this was a reasonable move.
Earlier quoted context omitted.
You think Uber employees are only making $40k???
In most of the country $40k/year is a very reasonable salary for a full-time, mid-level office role.
That's lab rat money. I'd say 5-10k more, so we're close, but that's a double digit percent difference from 40k.
Does anyone have any idea why Uber isn't profitable? I never really understood that. It's such a ubiquitous service in a large portion of the world. It seems to me that they have a lot of physical growth, so what is happening to their finances?
A lot of people use it because it's so obvious that they're operating at a loss. That's why the ride is so cheap. If they brought prices up to what they "should" be, volume would go down or the competition would snatch it up. If Uber wants to take a loss on my ride, I'll be there every time.
Love to revisit this piece every few years. Why food delivery will never be profitable: "The Food Delivery Death Star" https://medium.com/@review/the-food-delivery-death-star-85f9...
If a public company open-sources something (as Uber has done on occasion) that gives them a competitive advantage, could they be sued by shareholders for giving away something valuable?
Love to revisit this piece every few years. Why food delivery will never be profitable: "The Food Delivery Death Star" https://medium.com/@review/the-food-delivery-death-star-85f9...
Pizza delivery is profitable. Pizza comes in a shape easy for transportation, the size and value of the delivery is economical for a delivery business and there's an established culture around ordering pizza for delivery. The food delivery companies just need to figure out these problems, which a hard, for non-pizza foods.