wskinner
Joined 15 years ago
Joined 15 years ago
Exactly.
Uber makes a lot of money these days. The price is not suppressed. And yet... it is more popular than ever. Prices were artificially low for awhile in order to bootstrap the market, and that worked, and now that the market has been established, prices are at a level that is sustainable. Your whole premise is wrong.
Uber hasn’t raised from VCs in years, and their business is far bigger than it was back when they were losing money.
The idea that SF residents choose to use Uber rather than BART because Uber is cheaper is simply wrong - Uber is much more expensive than BART, and with some notable exceptions for shared rides, that was true during the VC funded growth period as well.
1. Consent to be freely given, specific, informed and unambiguous and as easy to withdraw as to give 2. High penalties for failure to comply (€20 million or 4 % of worldwide annual turnover, whichever is higher)
Compliance is tricky and mistakes are costly. A pop-up banner is the easiest off-the-shelf solution, and most site operators care about focusing on their actual business rather than compliance, so it's not surprising that they took this easy path.
If your model of the world or "image of humanity" can't predict an outcome like this, then maybe it's wrong.
It's not madness, it's a totally predictable response, and all web users pay the price for the EC's lack of foresight every day. That they didn't foresee it should cause us to question their ability to foresee the downstream effects of all their other planned regulations.