Re:Silicon Valley Venture Capitalists Prepare for an I.P.O. ...
by dbasedweeb on Sunday April 15, 2018 @10:47PM
(#16846341)
Has Uber stopped operating at a massive loss, subsidizing every ride with VC cash? Fares are already artificially and unsustainably depressed, and without Lvl 5 automation (clearly not incoming soon) the fares eventually have to rise. Those fares will rise even more as driver backlash against how little they’re paid increases with time.
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