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The Uber model can be profitable - we know this because of Bolt’s cash flow generation capabilities. Unfortunately for Uber and Lyft, they massively over-hire
by atdrummond 4y ago
The Uber model can be profitable - we know this because of Bolt’s cash flow generation capabilities.
Unfortunately for Uber and Lyft, they massively over-hire and over-compensate (except for drivers) relative to the more financially healthy rideshare firms globally.