[onion2k]

They only do that in markets where they're not established. It's just an extremely high marketing budget that gets spent on discount codes. As soon as Uber has a foothold the codes disappear and people have to pay for their rides.

Ita no different to the $10 PayPal gave people for signing up or the $7 of BTC Coinbase give to referrals really.

[sofixa]

The fact that Uber are still bleeding money after being established in most markets they still operate in ( others were sold), would indicate otherwise.

[searchableguy]

Didi reports profit: https://www.forbes.com/sites/bradtempleton/2021/02/04/didi-m...

A good report on why Uber is not profitable: https://www.cbinsights.com/research/report/how-uber-makes-mo...