Uber Loses at Least $1.2 Billion in First Half of 2016
"You won't find too many technology companies that could lose this much money, this quickly," said Aswath Damodaran, a business professor at New York University who has written skeptically of Uber's astronomical valuation on his blog. "For a private business to raise as much capital as Uber has been able to is unprecedented."
Drivers are likely losing more than they make.
While the IRS allows 54 cents per mile as the COST of driving, most poor, ignorant drivers only consider the cost of gasoline and think they are making quick cash.
Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
54 cents per mile for business miles driven
Edited by Rogerdodger, 25 August 2016 - 12:36 PM.
