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by eeeeeeeeeeeee 2686 days ago
Passengers win for now, not necessarily won for good.

Do you think the public markets are going to allow Uber to keep bleeding this much cash year over year?

Prices will go up on consumers just as Uber has completely dominated the market and effectively has no competition. They’ll be able to charge whatever they want.

1 comments

Who cares? Markets are fluid and dynamic.

Passengers won for a while, and may keep winning, but nobody expects them to win to perpetuity just like nobody expects a market to remain static. If anyone is going to end up worse than before ridesharing, it's the people who put the money into the VC funds propping up the market.