this post was submitted on 08 Sep 2025
109 points (97.4% liked)
Aotearoa / New Zealand
1987 readers
19 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use !politics@lemmy.nz
- Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
- If you need help using Lemmy.nz, go to !support@lemmy.nz
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So they had a company tax bill of $1m which would have been from a profit of $3m, so their expenses would have been $399m.
That's just accounting and that headline is just rage bait.
Or to put it another way, less than 1% profit, a bad investment.
It's just not believable that a ticket clipping service which charges both the consumer and the restaurant is only making 1% profit. It's not like they are investing in equipment or holding inventory or anything like that.
Oh totally. I don't doubt Uber is inflating their expenses.
Shifty journalism just bugs the hell out of me.
What are their expenses anyway? They don't have many employees, they don't have inventory, they probably have a decent sized amazon bill but I doubt it's that much given how small NZ market is.
"Franchise fees".