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Re:Uber Lays Off 400 by SilasX on Monday July 29, 2019 @05:50PM (#20559836)
>You literally cannot profitably transport people at the prices they're offering

That's not my understanding of the figures, which say that they're charging plenty enough to cover the costs associated with the ride, but are blowing lots of money on aggressive marketing. The transportation costs (i.e. driver pay and customer service) are not what's killing them.

Re:Uber Lays Off 400 by hn_throwaway_99 on Monday July 29, 2019 @06:38PM (#20560201)
"incentives", i.e. discounts/coupons for passengers or pay bumps for drivers, are a huge part of those marketing costs. So while they're rolled under the marketing budget they fundamentally are a distortion of the price they need to pay drivers or amount they need to charge passengers to become profitable.
Re:Uber Lays Off 400 by CydeWeys on Monday July 29, 2019 @06:08PM (#20559984)
A lot of these "marketing" costs are clever ways of hiding costs of providing rides as separate line items.
Re:Uber Lays Off 400 by projektfu on Monday July 29, 2019 @06:59PM (#20560370)
Yes, but if they were all driver incentives, there would be no revenue according to the model they're using. Customer incentives, on the other hand, are hidden in operating costs and not placed in the cost of revenue where they probably should be.
Re:Uber Lays Off 400 by MiroF on Tuesday July 30, 2019 @11:58AM (#20566135)
I was in an empty pool ride for 45 minutes taking me from inner Boston to the suburbs and I paid $5. Unless I'm wrong, that's below minimum wage so someone somewhere is subsidizing the difference