Hacker News Reader

>just like public transit is not a good business model.

Uber has almost a 200B market cap for offering private transit. There is a working business model for transit.

Not sure if this is just a misunderstanding but Uber is not "public transit" (a term of art), which is what GP is talking about. Uber is just not relevant to the point GP was making.

Uber's business model is to be a loss leader to hamper competition, then jack up rider rates and lower drive rates. This is technically a 'working' business model, but hardly one that benefits the people.

Uber more generally exists not as a service provider but as an international legislative bulldozer: everywhere will be reduced to the misery of the land of the free. They exist only to fuck up worker protections in every form they take.

Reply on news.ycombinator.com