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Uber and Lyft are both in the "extractive" business. Uber and Lyft are a scam to drain both investors and drivers of money which is skimmed off and goes into t
by simonblack 7y ago
Uber and Lyft are both in the "extractive" business.
Uber and Lyft are a scam to drain both investors and drivers of money which is skimmed off and goes into the pockets of the CEOs, and other business managers.
There is no true profit generated by either the company itself or by the drivers. All business is being permitted by using the investors' money to undercut taxi companies' prices by subsidising customers.
Once the investors finally wise up, both Uber and Lyft will disappear like they never existed.