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A comment on Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue. Parent comment

Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by puranjay on Tuesday December 20, 2016 @03:07AM (#13218251)
As I was reading this, I just got a text message from Uber promoting a new offer - Just Rs. 100 for any trip of 15km or less between 12pm to 4pm.

Rs. 100 works out to under $1.5.

Or effectively, $0.10/km if you take a 15km trip.

How the hell is that ever going to be profitable?

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Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by msane on Tuesday December 20, 2016 @03:24AM (#13218317)
It's introducing people to the service and acquiring market. Better prices come later.
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Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by dagw on Tuesday December 20, 2016 @04:39AM (#13218556)
But will people continue to use Uber when the price goes up to market levels. Anecdotally, when Uber entered the market where I live they offered steep discounts and everybody I knew started to use them. Today they cost basically the same as most taxis and I don't know anybody who still primarily uses Uber.
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Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by varjag on Tuesday December 20, 2016 @06:08AM (#13218884)
Sounds like Groupon all over again.
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Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by forgetsusername on Tuesday December 20, 2016 @06:26AM (#13218954)
>It's introducing people to the service and acquiring market. Better prices come later.

You say this as if 75% of the reason people take Uber isn't price, and that one day Uber will simply be able to jack up all their prices and make money. Demand doesn't work that way.

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Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by msane on Tuesday December 20, 2016 @01:07PM (#13222296)
Demand does work that way.

Why does a drug dealer give free samples at first? ... Creating demand.

What they will not have for long though is a monopoly on supply in India.

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