Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
kleinbl00 · 2709 days ago · link · · parent · post: Sweden proposes ban on ride-sharing services that make profits
No sarcasm whatsoever. They're currently operating at a GAAP profit margin of -149%.
Uber passengers were paying only 41% of the actual cost of their trips; Uber was using these massive subsidies to undercut the fares and provide more capacity than the competitors who had to cover 100% of their costs out of passenger fares.