[green_rover]

Wouldn't this suggest that they aren't subsidizing rides to compete with Lyft except when Lyft subsidizes rides as well?

I always see people saying that Uber subsidizes rides now and that rates will rise later if they win a market, but the evidence doesn't support those claims. If they just want to gouge people as everyone speculates they would already do so in markets where there is no "competition".

Instead, it looks like even absent a direct competitor, that they still have competition in the form of car ownership. We should be celebrating their ability to keep driving costs down until it's cheaper to use Uber than to own and operate a car.