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A comment on Chicago taxi industry sliding towards collapse. Parent comment

Re:Chicago taxi industry sliding towards collapse by PacketPaul on Saturday June 10, 2017 @08:23AM (#14527082)
How are these guys not profitable? It is basically an app that gets paid to match riders with rides.

My guess is they are spending a lot of money expanding. Once done, they will be instantly profitable.

[ Parent | on HN ]
Re:Chicago taxi industry sliding towards collapse by InitialLastName on Sunday June 11, 2017 @12:46PM (#14532652)
They subsidize their drivers to keep their prices artificially low. It helps them out-compete the folks who have to turn a profit.
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