[alexeichemenda]

There is a misconception that Uber loses money on every ride. If you look at their SEC filing, it's not how they actually work (I won't have time to do that search for you now but will try to edit my post later). TL;DR of their SEC filings: They're not losing money on every ride, they just have such a high baseline of fixed costs (payroll being one) that they haven't started being profitable. Doing fewer rides right now is actually killing their profitability.