> Every ride Uber loses money. That isn't true - they're profitable in a lot of markets[0]. They're subsidizing rides in new and developing cities where they'r

> Every ride Uber loses money. That isn't true - they're profitable in a lot of markets[0]. They're subsidizing rides in new and developing cities where they're capturing market [0] https://www.businessinsider.com.au/uber-profitable-in-hundreds-of-cities-2016-6?r=US&IR=T https://www.businessinsider.com.au/uber-profitable-in-hundre...