3 ms·

3. Uber subsidizes their fares with. VC capital. And unsustainably so.

• onion2k 6y ago
  They 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 ago
    The 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 ago
      Didi 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...