[kamaal]

Fares are still the same, you just don't notice it because a VC is subsidizing it for you.

The day that ends, it will be back to business.

Think of Uber as a taxi company subsidizing your travel for a few years. Things will be back to normal once the VC realizes they can't make profits until they charge customers like other taxi companies.

[ee8aq3g5c6]

Why would fares be the same when they don't have to fund the capital cost of a medallion?

By the way, according to the article, Uber is roughly breaking even in the US (lost some money last quarter, made money the quarter before).