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"Uber is losing money because they subsidize rides to try to push competitors out of business."

?? I think thats the wrong way to phrase this. Uber is loosing money as Uber and its competitors are giving a lot of incentives to drivers to win business. All of them are loosing money.

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It is interesting that you and him describe essentially the same mechanism with different words. I would personally call it dumping.

In effect, Uber is selling something at a lower cost than it buys, in order to acquire the market.

Note that all companies in the ride-sharing market are doing the same thing, not just Uber. Uber in fact looses less money than Lyft per ride.

I think the original statement was accurate. And it's not working. Uber will have a rough awakening.

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