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A comment on Uber’s underwater investors. Parent comment

Re:Uber’s underwater investors by AlexandrB on Monday May 13, 2019 @11:39AM (#19900364)
Correct. Uber is effectively VCs dictating how they’d like the transportation market to work through dumping of services at below cost.
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Re:Uber’s underwater investors by sokoloff on Monday May 13, 2019 @11:54AM (#19900526)
Uber is by no means dumping services below the cost to provide them. Boston's UberX is $0.36/minute + $0.88/mile (plus fees and flag-drop costs). That's well in excess of the marginal cost of providing the transportation.

(I'm an UBER bear and think their shares are comically over-valued. I also think that they're genuinely and sustainably profitable in their core business operation.)

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