Re:Lyft and Waymo Reach Deal to Collaborate on Self-Driving ...
by rogerdonaldson on Tuesday May 16, 2017 @02:12AM
(#14347708)
Note that all companies in the ride-sharing market are doing the same thing, not just Uber. Uber in fact looses less money than Lyft per ride.
In effect, Uber is selling something at a lower cost than it buys, in order to acquire the market.