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Re:Uber cuts 3000 more jobs, closes 45 offices by dbancajas on Monday May 18, 2020 @02:07PM (#23226129)
> ation from the I have a ton of money, can work fr

is uber cheaper than cabs/public transpo w/o the VC subsidy? 15 years ago there was no uber and people were able to get by using public transpo.

Re:Uber cuts 3000 more jobs, closes 45 offices by nerfhammer on Monday May 18, 2020 @02:21PM (#23226341)
the idea that uber loses money on rides because of "VC" needs to die. uber is not VC funded anymore and hasn't been for a long time now.

uber loses money on every ride because uber loses money overall because it spends a lot of money on other projects, not because the marginal cost/benefit of each ride is negative.

Re:Uber cuts 3000 more jobs, closes 45 offices by dbancajas on Monday May 18, 2020 @03:55PM (#23227582)
If they spin off the ride sharing part of the company how much are they earning? do you know?
Re:Uber cuts 3000 more jobs, closes 45 offices by mqnfred on Monday May 18, 2020 @06:00PM (#23228892)
The ridesharing line of business has been profitable for at least a year from what I can tell. The plan was for it to cover all the other costs by EoY 2020, incl. HQ expenses and other bets like Eats.
Re:Uber cuts 3000 more jobs, closes 45 offices by Reubend on Monday May 18, 2020 @02:51PM (#23226808)
Centuries ago, people got by with horses. Does that mean that cars aren't essential?

Ridesharing services allow for an unprecedented level of mobility for those who don't already own cars.

Re:Uber cuts 3000 more jobs, closes 45 offices by dbancajas on Monday May 18, 2020 @03:54PM (#23227567)
You could say the same for taxis. If uber cost 100$/ride you wouldn't be claiming it is unprecedented. It will die because no one wants to pay for it with the real cost: livable wage + proper car insurance.