[pyrale]

It is interesting that you and him describe essentially the same mechanism with different words. I would personally call it dumping.

In effect, Uber is selling something at a lower cost than it buys, in order to acquire the market.

[rogerdonaldson]

Note that all companies in the ride-sharing market are doing the same thing, not just Uber. Uber in fact looses less money than Lyft per ride.