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My understanding was that Uber is profitable in many of its markets. Furthermore that in those markets where they are not yet profitable, this is largely due to
by 1986 6y ago
My understanding was that Uber is profitable in many of its markets. Furthermore that in those markets where they are not yet profitable, this is largely due to spending on incentives, marketing, etc in order to grow the network (on both sides of the market).
That being said, if Uber truly can only be profitable by breaking the law, or by creating its own laws (Prop 22), perhaps it doesn't deserve to do so.