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1. Uber doesn't require a medallion. Imagine if you needed to pay an extra mortgage to drive a taxi. 2. Accountability. Uber tracks things properly.
by MattGaiser 6y ago
1. Uber doesn't require a medallion. Imagine if you needed to pay an extra mortgage to drive a taxi.
2. Accountability. Uber tracks things properly.
- sircastor 6y ago3. Uber subsidizes their fares with. VC capital. And unsustainably so.
- onion2k 6y agoThey only do that in markets where they're not established. It's just an extremely high marketing budget that gets spent on discount codes. As soon as Uber has a foothold the codes disappear and people have to pay for their rides. Ita no different to the $10 PayPal gave people for signing up or the $7 of BTC Coinbase give to referrals really.
- sofixa 6y agoThe fact that Uber are still bleeding money after being established in most markets they still operate in ( others were sold), would indicate otherwise.
- deleted 6y ago[deleted]
- searchableguy 6y agoDidi reports profit: https://www.forbes.com/sites/bradtempleton/2021/02/04/didi-makes-1-billion-profit-while-uber-bleeds---good-news-for-robotaxis/ https://www.forbes.com/sites/bradtempleton/2021/02/04/didi-m... A good report on why Uber is not profitable: https://www.cbinsights.com/research/report/how-uber-makes-money/ https://www.cbinsights.com/research/report/how-uber-makes-mo...
- mattmanser 6y agoYeah, more like: 1. VC Money 2. Will collapse unless they put the price up 3. In America there was some crazy medallion system 4. VCs are selling off their shares before the whole thing collapses