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Uber/Lyft's business model is fine. Both earn money on providing rides and Lyft will probably become profitable this year. Even if their model is not profitab
by treis 6y ago
Uber/Lyft's business model is fine. Both earn money on providing rides and Lyft will probably become profitable this year.
Even if their model is not profitable, public transportation in my city is subsidized to the tune of half a billion a year. So there's plenty of room for subsidizing.
And even if we end up spending more money it's worth it for a system that people actually want to use. With a viable alternative to car ownership more people will give up their cars and use public transport. That will spur demand and maybe make a train system justifiable in the future.