[treis]

Rides aren't subsidized. They have a gross profit of 1.5 billion against 0.5 billion of marketing expense.

[ac29]

Not 100% sure about Lyft, but Uber definitely called their subsidies marketing.

[treis]

Right, but since marketing is 0.5 billion and gross profit is 1.5 billion the worst case is that they have 1 billion of real gross profit.

[radicaldreamer]

That's because they haven't expanded into new markets recently. That will flip if they entered Europe or Asia