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Fares are still the same, you just don't notice it because a VC is subsidizing it for you. The day that ends, it will be back to business. Think of Uber as a
by kamaal 10y ago
Fares are still the same, you just don't notice it because a VC is subsidizing it for you.
The day that ends, it will be back to business.
Think of Uber as a taxi company subsidizing your travel for a few years. Things will be back to normal once the VC realizes they can't make profits until they charge customers like other taxi companies.
- ee8aq3g5c6 10y agoWhy would fares be the same when they don't have to fund the capital cost of a medallion? By the way, according to the article, Uber is roughly breaking even in the US (lost some money last quarter, made money the quarter before).