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A comment on Uber is officially a cab firm, says European court. Parent comment

Re:Uber is officially a cab firm, says European court by candiodari on Wednesday December 20, 2017 @05:58AM (#15968612)
> That's worth a lot. Worth enough to you? I don't know. Worth enough to me that I'd pay more than the going taxi rate, though.

Uber has "invested" billions of dollars (double digits) in making itself cheap. That tells me that if they were even just comparable in price to taxis, they would never be able to survive.

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Re:Uber is officially a cab firm, says European court by hug on Wednesday December 20, 2017 @06:06AM (#15968634)
> if they were even just comparable in price to taxis, they would never be able to survive

In the quiet words of the Virgin Mary, [citation needed].

Uber has invested millions of dollars into something. One of those things is, undoubtedly, expanding. One of the facets of expanding is, undoubtedly, lowering fares.

Does this mean that an uber-like service must run at a net loss in order to provide their service? Of course not.

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Re:Uber is officially a cab firm, says European court by petre on Wednesday December 20, 2017 @08:29AM (#15969275)
The drivers own the cars and pay for the maintenance costs. Neither Uber, nor the drivers pay for taxi licenses, so they pocket that as well.
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