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> "Uber subsidizes rides" isn't true and hasn't been for years given that they have full control and zero transparency over price of every trip, how can you be
by twelve40 3y ago
> "Uber subsidizes rides" isn't true and hasn't been for years
given that they have full control and zero transparency over price of every trip, how can you be so certain?
- treis 3y agoThey're a public company and have to report financials. You can look at them and see that net margin on a ride is positive.
- minsc_and_boo 3y agoThat doesn't mean they're not subsidizing individual markets to remain competitive though. It just means the average is marginal. IIRC Uber lost $2B on the Chinese marketing simply because of subsidies.
- V-eHGsd_ 3y ago> IIRC Uber lost $2B on the Chinese marketing simply because of subsidies. uber pulled out of china in 2016 ...
- minsc_and_boo 3y agoBecause it was a loss leader. It's proof that Uber subsidizes individual markets differently.
- V-eHGsd_ 3y agoit's proof they subsidized, past-test, 7 years ago. its really weird to point to what uber did more than 7 years ago as non public company with no public reporting requirements, and try to use that to refute publicly reported numbers from today.
- twelve40 3y agoThey have lost $31.5B since 2014 and turned a profit just now. Where did that money go? That one Beyonce party, or it still might have had something to do with their main thing, the rides?