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> Uber's new CEO didn't just say that prices had to go up 50%-100% (to basically cab fares) to create a sustainable business. I’m assuming you mean to say he d
by grandmczeb 8y ago
> Uber's new CEO didn't just say that prices had to go up 50%-100% (to basically cab fares) to create a sustainable business.
I’m assuming you mean to say he did say that? Otherwise I’m not sure I understand your comment.
If so, can you link the statement you’re referring to?
- ghaff 8y agoI'm saying that Uber basically kept prices where they were when they really needed to jack them up. Which he didn't do.
- grandmczeb 8y agoAh, I took the period at the end of “etc.” to be separating two sentences. It makes much more sense reading it the correct way :) Regardless, Uber is profitable on a per ride basis in most markets, except for those they’re trying to expand in. In established markets raising prices would lower demand for rides faster than it increases revenue.