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by vannevar 3378 days ago
Well, earlier investors are seeing paper returns. But other than consumers who are getting subsidized rides, yeah, no real payout.
2 comments

There were a few funds of funds that saw big paper returns with Madoff as well.
The subsidized ride thing is pretty crazy too. Uber offered me the ability to pay them a fee, then get a number of flat rate rides. I got a ten pack, used it to go across my city (a 25 dollar ride normally, even with pool) for 2 bucks. I think they lost a grand total of 200 bucks on me alone, and I haven't touched the app since then. Switched back to Lyft when they offered a saner version of the same thing.