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by minsc_and_boo 1053 days ago
That doesn't mean they're not subsidizing individual markets to remain competitive though. It just means the average is marginal.

IIRC Uber lost $2B on the Chinese marketing simply because of subsidies.
1 comments
V-eHGsd_ 1053 days ago
> IIRC Uber lost $2B on the Chinese marketing simply because of subsidies.

uber pulled out of china in 2016 ...

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minsc_and_boo 1052 days ago
Because it was a loss leader. It's proof that Uber subsidizes individual markets differently.
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V-eHGsd_ 1052 days ago
it's proof they subsidized, past-test, 7 years ago.

its really weird to point to what uber did more than 7 years ago as non public company with no public reporting requirements, and try to use that to refute publicly reported numbers from today.

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