Not asking this question to be rude or snarky. Can they make money at all? If not why would their prices be discounted now?
It seems to me as a layperson that they have both funded their growth by discounting rides at an unsustainable rate. The sustainable price seems to be pretty much what taxis charge. (No complaint here. I believe in paying my, ah, fare share. I’d be quite willing to pay that rate for Uber/Lyft because I don’t like taxis.)
Is that analysis unsound? What will keep them operating when they run out of investor money?
It seems to me as a layperson that they have both funded their growth by discounting rides at an unsustainable rate. The sustainable price seems to be pretty much what taxis charge. (No complaint here. I believe in paying my, ah, fare share. I’d be quite willing to pay that rate for Uber/Lyft because I don’t like taxis.)
Is that analysis unsound? What will keep them operating when they run out of investor money?