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>just like public transit is not a good business model. Uber has almost a 200B market cap for offering private transit. There is a working business model for t
by charcircuit 1y ago
>just like public transit is not a good business model.
Uber has almost a 200B market cap for offering private transit. There is a working business model for transit.
- richbell 1y agoUber's business model is to be a loss leader to hamper competition, then jack up rider rates and lower drive rates. This is technically a 'working' business model, but hardly one that benefits the people.
- exasperaited 1y agoUber more generally exists not as a service provider but as an international legislative bulldozer: everywhere will be reduced to the misery of the land of the free. They exist only to fuck up worker protections in every form they take.
- loeg 1y agoNot sure if this is just a misunderstanding but Uber is not "public transit" (a term of art), which is what GP is talking about. Uber is just not relevant to the point GP was making.