Oh good. They oughta be handling those billion dollar 6 month losses just fine then.
Reinvesting in owning a market that is literally an app install away from someone else stealing your lunch is not reinvesting. That's just burning cash.
It's about Uber's very expensive lawyers clearing the regulatory path for competitors (who are only app installs away) to then utilize for free from here until the heat death of the universe?
What are you talking about? I have like 4 ridesharing apps on my phone concurrently and switch between them based on whoever has the lowest time-until-pickup.
I'm too lazy to do that. I used to have 3, then uninstalled Fasten. Now I have both Lyft and Uber and am considering uninstalling Lyft because I never use it.
Why should I waste time tapping on a different app, waiting for it to load, tapping through the destination, etc.? The estimated wait times aren't accurate to the minute, so +/- the error they are almost always equivalent. Enough so that checking the other app feels like a waste of time. In the time it took to load the other app, I could have been waiting for the car to arrive. It's not worth the mental energy to choose.
Further, Uber has a prepay promotion. I pay an amount at the beginning of the month to avoid surge charges and get a discount through the rest of the month. I'm basically locked-in for any month that I prepay.
Reinvesting in owning a market that is literally an app install away from someone else stealing your lunch is not reinvesting. That's just burning cash.