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Have you ever received a free uber or lyft ride? I was in college when they were blowing up, and me, and each of my friends, probably used around 500$ of free rides each..

Here in Palo Alto I get offered rides in the middle of the night for less than a dollar! (I do sometimes get a pass). I pay Uber less than they pay their driver.

Brit here - when I visited SF basically all my rides were free thanks to Lyft (or their investors).

What do you need to support the assertion? The operating costs of a 'match x with y' service are negligible compared to Uber's revenue take.

They're pissing all that money away on loosely related r&d and their hopes/dreams of an autonomous future. They now also need to somehow continue justifying their mind boggling 72 billion dollar valuation.

I expect in the coming years Uber will die and be replaced by a service that works exactly the same way but for a far smaller revenue take and without any of the lofty ambitions.

Read lyfts s-1 filling. Under"cost of revenue" I'd imaging Uber would be similar