Public Transit Projects Cheaper Than Uber's $5.2 Billion Q2 Losses, Ranked

Illustration for article titled Public Transit Projects Cheaper Than Ubers $5.2 Billion Q2 Losses, Ranked

Uber announced a $5.2 billion loss last quarter, bringing the company’s total losses to $16.2 billion since 2016. In completely, totally unrelated news, here are some public transportation projects currently under construction in the United States that cost less than $5.2 billion individually:

  1. Chicago Red and Purple Line Modernization Project ($2.1 billion)
  2. Los Angeles Regional Connector ($1.76 billion)
  3. LA Metro Purple Line Extension Phase 1 ($3.2 billion)
  4. Minneapolis Southwest Corridor/Green Line Extension ($1.86 billion)
  5. Seattle East Link rail extension ($2.8 billion)
  6. Washington, D.C. Purple Line ($2.1 billion)
  7. Seattle Lynnwood Link ($3.07 billion)

Combined, these seven major public transportation projects are projected to cost $16.89 billion, or about four percent more than Uber’s cumulative losses since 2016.

(All project costs from The Transport Politic’s Transit Explorer tool.)

Former Senior Reporter, Investigations & Technology, Jalopnik

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DISCUSSION

lennyvalentin
Lenny Valentin

How the shit could Uber have lost over $16bn in less than four years when they don’t pay their drivers a penny in actual salaries and benefits? That’s an absolute crapload of money, I’m boggling here.

Btw, love the header picture. “Yay! Our grift of primarily rich greedy fucks will now continue unabated for a while longer!”, all of those wildly grinning people are thinking.