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Scott Rasmussen's Number of the Day for December 13, 2017

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By Scott Rasmussen

The Number of the Day columns published on Ballotpedia reflect the views of the author.

December 13, 2017: Uber, the ridesharing company that reshaped the transportation landscape, reportedly lost $1.46 billion in the third quarter of 2017. That’s a significant increase from losses of just under a billion dollars a year earlier.[1]

Gross revenue for Uber reached nearly $10 billion from July to September of this year. However, the vast majority of the money goes to drivers. Uber itself received $2.0 billion in net revenue.

That means Uber spent about $3.5 billion in expenses to earn $2.0 billion in revenue.

Ballotpedia tracks ridesharing policies in the 100 largest cities by population in the U.S. Read more about ridesharing and local government responses to the sharing economy here.

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Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.


Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 8:00 a.m. Eastern. Click here to check out the latest update.

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Columns published on Ballotpedia reflect the views of the author.

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