They mean Uber and Lyft use investor money to subsidize ride costs, so they are able to beat the local alternatives on price. It’s the classic, big company ope

They mean Uber and Lyft use investor money to subsidize ride costs, so they are able to beat the local alternatives on price. It’s the classic, big company opens a store in a small town and sells at a loss until the local mom and pops are driven out of business, then raises the prices once they are the last man standing.