Uber makes less money from bike ride than a car, admits CEO
Talking about Uber's plans to focus on its bike business, the startup's CEO Dara Khosrowshahi admitted that Uber makes less money from a bike ride than from a trip in a car. He further said, "We are willing to trade off short-term per-unit economics for long-term higher engagement." "We think that is exactly where we want to head," he added.