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How are these guys not profitable? It is basically an app that gets paid to match riders with rides. My guess is they are spending a lot of money expanding. O
by PacketPaul 9y ago
How are these guys not profitable? It is basically an app that gets paid to match riders with rides.
My guess is they are spending a lot of money expanding. Once done, they will be instantly profitable.
- InitialLastName 9y agoThey subsidize their drivers to keep their prices artificially low. It helps them out-compete the folks who have to turn a profit.