If I'm not mistaken, they were losing money on every ride. If they did not intend to raise the rates in the future, they're basically planning to go bankrupt.

If I'm not mistaken, they were losing money on every ride. If they did not intend to raise the rates in the future, they're basically planning to go bankrupt. And I have a really hard time believing companies plan to fail. It's a very clear case of dumping, or whatever it's called in English. Unsustainable low prices, suffocate your competitors, raise prices.