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A comment on Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near. Parent comment

Re:Uber Revenue Growth Slows, Losses Persist as 2019 IPO Dra... by celticninja on Friday February 15, 2019 @07:40PM (#19176165)
It's a race to either profitability or the death of the opposition, at which point subsidies disappear and prices rise, so does Ubers cut of the fares.
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Re:Uber Revenue Growth Slows, Losses Persist as 2019 IPO Dra... by maxxxxx on Friday February 15, 2019 @08:04PM (#19176287)
They can't really raise prices because otherwise local taxi companies will start again.
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Re:Uber Revenue Growth Slows, Losses Persist as 2019 IPO Dra... by celticninja on Saturday February 16, 2019 @01:43PM (#19180188)
once you knock out the current infrastructure it is hard for some one to reenter and compete. And in some locations they may lose but on the whole they would maintain 85%+ market share and set the prices. Local firms would know they are operating almost with permission of e.g. Uber, because Uber (or whoever wins) could set local prices lower to put the firm out of business again. This time however the subsidy would be by higher prices across the rest of their market.
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