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by memmcgee 3324 days ago
Uber is still losing money though and fast. Their entire competitive advantage is that they have a shit ton of VC funding to subsidize rides with. They've been able to survive this long because they've always been able to raise more money on the promise that they might not lose money someday, presumably when they have self-driving cars. Now that the lawsuit has put their future in question they're going to have a lot more trouble getting another round of funding.