Uber Delivers First-Ever Operating Profit in Drive to Curb Losses
www.wsj.com
The company’s ride-hailing and delivery businesses grew as efforts to stem losses bore fruit.
  • jacaw@lemmy.mlEnglish
    1·
    1 year ago

    I wonder how long they’ll stay competitive with taxis. From what I understand, they were subsidized pretty hard by VCs during the low interest rate era.

    Anecdotally, Uber would’ve charged me $75 for a ride from JFK airport to uptown Manhattan, meanwhile every taxi had a $70 fixed fare. They’re already neck-and-neck. What’s going to give?