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Proving another benefit of subsidized public transportation. In Uber's case, low-cost rides subsidized by its investors.
by vannevar 10y ago
Proving another benefit of subsidized public transportation. In Uber's case, low-cost rides subsidized by its investors.
- adventured 10y agoWould you mind showing me their financials in the US market, so we can see the extent of the subsidization across different cities? I would like to see the numbers that you derived your claim from in regards to Uber's operations in the US.
- vannevar 10y agoUber's history of subsidies is well-known: https://www.forbes.com/sites/ellenhuet/2014/07/02/ubers-newest-tactic-pay-drivers-more-than-they-earn/#732da1591011 https://www.forbes.com/sites/ellenhuet/2014/07/02/ubers-newe... (2014) https://www.washingtonpost.com/news/the-switch/wp/2016/08/23/ubers-controversial-strategy-to-finally-defeat-lyft/?utm_term=.f58ce2c0d2d9 https://www.washingtonpost.com/news/the-switch/wp/2016/08/23... (2016) https://qz.com/940605/is-the-era-of-cheap-uber-rides-over/ https://qz.com/940605/is-the-era-of-cheap-uber-rides-over/ (2017) But I don't have a breakdown per-market.
- nommm-nommm 10y agoIf you Google "user is losing money" there's a whole crap ton of results. Here's one - https://news.vice.com/story/uber-is-losing-money https://news.vice.com/story/uber-is-losing-money There was a really detailed breakdown posted somewhere on HN a while ago but I don't have it offhand.