Based on these numbers, Uber took an average of 32.5 percent of revenue for each ride. Much more than the 20 percent they tout to drivers.
The ride-hailing giant more than doubled gross bookings in 2016 to $20 billion, according to financial information Uber shared with Bloomberg. Net revenue was $6.5 billion, while adjusted net losses were $2.8 billion, excluding the China business, which it sold last summer.
Source: Uber, Lifting Financial Veil, Says Sales Growth Outpaces Losses – Bloomberg
Google launches Areo, a food delivery & home services app for IndiaGoogle seems to have silently launched a new food delivery and home services aggregator called Areo for the India market. The app is available as a free download on the Google Play store and is currently operational in Bengaluru and Mumbai.
Areo aggregates food dishes and home services across various local service providers, allowing users to order food or schedule appointments with a local beautician, electrician, painter, cleaner and plumber among others. The app was first spotted by The Android Soul.