Silicon Valley’s business model is a scam

Re:Silicon Valley’s business model is a scam by tanjtanjtanj on Tuesday July 18, 2023 @11:56AM (#36774542)

I always see people say this but I don't know how they were subsidizing rides. I was an early Uber driver when I was in grad school and I received roughly 2/3rds of what riders paid. Was Uber's third take too low?

I would also receive a lower fare when the rider used a coupon or had a promotion. It always seemed more like I was subsidizing the rides rather than Uber.

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Re:Silicon Valley’s business model is a scam by mrguyorama on Tuesday July 18, 2023 @01:27PM (#36776182)

Maybe, just maybe, your singular experience is not accurately representative of Uber's business? You can go look up how they were clearly subsidizing fares.

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