Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Can Uber Make Money?

Market Wisdom

Can Uber Make Money and is it Good for the Economy?

Uber’s lack of profitability raises serious ethical, financial, political, and social questions.
For instance, the average American Uber driver makes around $20,000 a year, Recode calculates. Hence, the average American Uber driver makes $11,066 less than the Real Median Personal Income in the United States.

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Market Insanity

Some Actual Proof Uber Makes Money

One strong possibility is that Uber will never get more than a 5% market share because it offers a rather specialized service that only appeals to certain individuals. Another is that Uber has a much harder time competing with traditional cab companies than we have been told.

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