Uber and Lyft shutdown in California averted as judge grants emergency stay

Re:Uber and Lyft shutdown in California averted as judge gra... by icebraining on Friday August 21, 2020 @06:12AM (#24233597)

That makes sense when the fat cats are making huge profits and paying a pittance to their workers. But Uber is losing billions every year. Where is the money going to come from?

[ Parent | on HN ]

Re:Uber and Lyft shutdown in California averted as judge gra... by icebraining on Friday August 21, 2020 @06:32AM (#24233697)

Well, I know where it's coming from: a massive number of unemployed drivers, as rates are raised, reducing trips to the few that are profitable enough to pay for that (therefore also excluding lower-income users).

Maybe that's an acceptable trade-off, but we should be clear about it, not pretend we can just pump money from an empty well.

[ Parent | on HN ]

Re:Uber and Lyft shutdown in California averted as judge gra... by take_a_breath on Friday August 21, 2020 @11:00AM (#24235456)

== But Uber is losing billions every year. Where is the money going to come from?==

Maybe it’s not a viable business model.

[ Parent | on HN ]