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> It's Uber who loses money on those rides, not the drivers. They are trying to get you to use them, instead of the competition. Are there not laws against pre
by seanwilson 10y ago
> It's Uber who loses money on those rides, not the drivers. They are trying to get you to use them, instead of the competition.
Are there not laws against predatory pricing like this?
- jklein11 10y agoIANAL and my expertise in this matter is only as deep as skimming these articles[1][2] but it seems like it would be illegal if Uber were a monopoly and cutting prices to prevent competition. Cutting prices to try to gain market share seems to be a competitive practice which benefits consumers. 1.https://www.ftc.gov/enforcement/anticompetitive-practices https://www.ftc.gov/enforcement/anticompetitive-practices 2.https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/single-firm-conduct/predatory-or-below-cost https://www.ftc.gov/tips-advice/competition-guidance/guide-a...