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A comment on Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles. Parent comment

Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by dmalvarado on Thursday March 02, 2017 @12:25PM (#13776013)
Isn't Uber heavily subsidizing fares with capital funding? I thought that was part of their monopoly strategy.
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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by accountface on Thursday March 02, 2017 @01:41PM (#13776878)
Yeah they've slashed fares and a huge part of their losses are driver subsidies. It's all a farce.
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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by cmsj on Thursday March 02, 2017 @04:04PM (#13778200)
Yes, yes they are. You are only currently paying about 40% of what each ride actually costs, overall.
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