Re:Chicago taxi industry sliding towards collapse
by PacketPaul on Saturday June 10, 2017 @08:26AM
(#14527087)
How are they losing money on each ride? They are not managing fleets of cars, employees, etc. It's an app.
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Re:Chicago taxi industry sliding towards collapse
by xigency on Saturday June 10, 2017 @01:58PM
(#14528341)
That is exactly the question you should be asking, thank you.
Answer is they provide great rates for passengers - see all of the anecdotal evidence here - and great pay for drivers.
It literally is "too good to be true."
It's just an app--with a $20B valuation and about as much in free cash.