Quote:
Originally Posted by Itse
Maybe, but then again Lyft also lost $600M last year, and Sidecar already shut down.
If none of the ride-share companies make money, there might be something fundamentally wrong with the business model.
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Really that's a turf war between Uber and Lyft. There is pretty clearly a market at the cost of a cab to run a dispatch and network of drivers profitably.
It's no different right now then any loss leader / market buying activity. The current price is not sustainable but there is a market.
The best news is that plate owners don't get to be rent seekers taxing everyone.