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HGL  ·  203 days ago  ·  link  ·    ·  parent  ·  post: Uber gears up for shift to bikes on short trips, CEO expects short-term financial hit

    And they're for profit.
- citation need.

Not really UBER is desperately expanding revenue at any cost, paying $1 for .25C of revenue seems withing their normal operation.

There are a lot of infrastructure related problems for bikes as well. Most cities arent designed for them and keeping a bike safe outside is next to impossible. The car-to-go business model wouldn't really work either if a large percentage of cars ended up with slashed tires, cut breaks and submerged in the lake.