• thessnake03@lemmy.world
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    1 year ago

    Some of the price increases are also attributable to the fact that Uber is no longer subsidizing rides on a quest for growth and is instead focusing on profit. It seems to be working: This week, Khosrowshahi announced Uber’s first operating profit.

    So Ubers been doing the whole streaming service business model of start off with losses, but build a base then hike up the rates.

    I took one Uber last year and had roughly the same experience as this reporter. Jacked up price to go under 10 minutes from an airport to a hotel closeby in a non busy time. I’m only using Uber as a last resort from now on.