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But he isn't wrong. Uber will raise prices after subsidy stops.
by quickben 9y ago
But he isn't wrong. Uber will raise prices after subsidy stops.
- valuearb 9y agoI doubt Uber's US market is subsidized much, if at all. The financial analysis that's been done can't break down the cost of investment in international markets and new businesses from actual operating costs in the US ride share market. Uber's service costs pennies per ride to provide, drivers pay them dollars per ride to participate. There is almost no chance Uber can't be profitable at current prices. The only question is whether prices need to rise to ensure a decent supply of drivers.