Rideshare operations are being suspended in California

Re:Rideshare operations are being suspended in California by mola on Thursday August 20, 2020 @05:13PM (#24229057)

Or maybe it's because they give cheap subsidized service. What's the long game? How can they keep it cheap and make profit? They can't. Because it's an extremely inefficient endeavour.

I understand your point but I'm not sure it's relevant. Taxis managed to survive for a long time without any artificial money injection, it's probably at a stable equalibrium. Allowing this artificial market to keep growing is just a endorsing a bubble. The bigger it gets the worst the collateral will be when it'll finally collapse.

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Re:Rideshare operations are being suspended in California by 1MoreThing on Thursday August 20, 2020 @06:06PM (#24229581)

Ridesharing is profitable today. The reason these companies lose money is because of investments in other areas. Whether that's wise or not is up for debate, but both Lyft and Uber are public companies. Neither is seeking VC money at this point for further injections.

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Re:Rideshare operations are being suspended in California by yzmtf2008 on Thursday August 20, 2020 @07:19PM (#24230160)

Both Lyft and Uber are public companies. If you know this is a bubble for sure, there are plenty of opportunities for you to cash in on that. In fact, if you have solid research that proves it's a bubble, plenty of people will pay you for that research.

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