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Your optimism is refreshing. The only way Uber makes sense is if they get a monopoly. Uber has been trying to make sure no other company can be profitable by su
by NelsonMinar 10y ago
Your optimism is refreshing. The only way Uber makes sense is if they get a monopoly. Uber has been trying to make sure no other company can be profitable by subsidizing rides to unsustainably low prices, in the hope they are the last company standing.
- yawaworht12 10y agoAll the companies subsidize rides, including Lyft and Didi. No company would willingly do it if the others didn't do it as well, except maybe to increase market liquidity as the market maker. Why single out Uber when all the companies in this space are doing the exact same?
- NelsonMinar 10y agoBecause Uber is the market leader, with the most investment, and with the largest subsidies. Given your short posting history's unusual interest in Uber stories you probably know about that already.
- yawaworht12 10y agoLargest subsidies by volume or per ride? From what I've seen based on leaked financials, Lyft is outspending Uber by more than 2x in terms of subsidy dollars per ride [0]. Subsidies do not scale, and Uber is subsidizing less per ride than its competitors so it's surprising to me that it receives the bulk of the criticism when it's actually far the most thrifty of the ridesharing companies. If anyone should be criticized for buying their growth, it should be Lyft, not Uber. [0] https://news.ycombinator.com/item?id=13772168 https://news.ycombinator.com/item?id=13772168