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A comment on Uber Founder Travis Kalanick Is Leaving the Company’s Board of Directors. Parent comment

Re:Uber Founder Travis Kalanick Is Leaving the Company’s Boa... by jedberg on Tuesday December 24, 2019 @01:31PM (#21873945)
> Taxi companies are profitable and they have employees, a fleet, garages.

They’re only profitable because of regulatory capture. The government gives them a monopoly and limits supply.

If they offered unlimited medallions, taxis would lose money too.

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Re:Uber Founder Travis Kalanick Is Leaving the Company’s Boa... by georgeplusplus on Tuesday December 24, 2019 @05:17PM (#21875316)
Even against a government backed cab monopoly, Uber still has more market share in key markets like NYC. That’s kinda my point why the bear narrative doesn’t hold up.
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Re:Uber Founder Travis Kalanick Is Leaving the Company’s Boa... by thebean11 on Tuesday December 24, 2019 @07:15PM (#21875832)
Would they still have more market share if they weren't selling a dollar for fifty cents?
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Re:Uber Founder Travis Kalanick Is Leaving the Company’s Boa... by georgeplusplus on Thursday December 26, 2019 @08:08AM (#21883512)
They said the same about Amazon and it’s earnings for almost 10 years, it was false then and it’s false now.
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