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A comment on Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares. Parent comment

Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares by uptown on Thursday November 30, 2017 @03:39PM (#15819301)
"Are they planning to raise prices? Cut employees? What are they planning on doing here?"

Both! Just don't tell anyone.

https://twitter.com/neilanalien/status/627873374505562112

[ Parent | on HN ]
Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares by mariushn on Thursday November 30, 2017 @03:45PM (#15819342)
It's already 25% just for two apps. That's insane. They don't do any specific work for a trip for these money.

It's like having Stripe getting a 25% cut from all card transactions.

[ Parent | on HN ]
Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares by uptown on Thursday November 30, 2017 @03:53PM (#15819415)
But it's the crux of their entire business model -- saturate markets to kill competition so they can do whatever they want with the financial side of things.
[ Parent | on HN ]