FUN FACT: Uber lost about $5B last year. If fares were set high enough to just break even they would cost more than a traditional taxi. Every rideshare you take is subsidized by the finance industry in a ploy to profit off the destruction of unionized companies and public transit

Uber has two paths to profit: One is to eliminate drivers entirely through self-drive tech that is still years away from even working right, possibly decades from full legality/logistical feasibility.

The other path is through eliminating competition by burning unholy amounts of capital to keep fares unsustainably low until they have a monopoly they can exploit and rates go way up to whatever profits them most.

Since they're losing money faster than the competition is dying, that also probably won't work. The entire project is a stupid, highly-destructive waste that will leave every society involved in it worse off in the long run. All gains from it are a venture capitalist funded dream

btw love people asking for sources when Uber's earnings are public record and "drive traditional taxis out of business and then raise prices" is literally their business plan as laid out by their founder and former CEO

I don't need a fucking bibliography in my tweet thread of facts I read in, like, the Wall Street Journal