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Uber CEO balks after a reporter tells him the cost of his 2.9-mile Uber ride: 'Oh my God. Wow.' (www.yahoo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Uber CEO balks after a reporter tells him the cost of his 2.9-mile Uber ride: 'Oh my God. Wow.'::undefined

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[–] SeaJ@lemm.ee 4 points 1 year ago (1 children)

I really don't know how they are not profitable. They must waste a shit ton on self driving technology. They effectively killed a large portion of the taxi industry while now costing more. It's not as if their app is done miracle app these days. The few taxi services that are left tend to basically have a similar app.

[–] Chocrates@lemmy.world 4 points 1 year ago* (last edited 1 year ago)

That was the goal. Use unlimited VX money to kill taxis and then get a monopoly. Inflation came at the right time I guess, they can increase prices by a ton and we just blame it on inflation