Bolt, Uber and Mr D Food

[TheBoBM]

I am interested in how these big online businesses make money if they are to pay a worker a specific amount of money every single month. Bolt pays a person R13000 and takes only 3k from that person.
How exactly did they become a billion dollar corporation if they pay out most of the money gained?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Jobless]

How much they pay does not matter. What they keep is what matters. That is their profit.

 

[Private Witt]

Uber has never been profitable but claim coming Q4 this year. Basically for over ten years been a giant slush fund for a bunch of suits to get new jets, mansions, and free funding for other startups.

 

[Johnny boy]

If they pay someone 13,000 and only charge 3,000 and that is the entirety of the transaction then yes they have lost money. And if that happens to the same extent across enough transactions then that company will have no money and go out of business.

I think you are confused as to what they are actually charging and what they are actually paying.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.