what happens when Über investors stop subsidizing each ride by about 50% ?
what happens when Über investors stop subsidizing each ride by about 50% ?>>> free market applies both to the price of the stock investors buy and the price of the ride. I think the medallion scam by cabs is far costlier. i’m not sure i understand subsidize. There are many forms of investing but the decision of putting ones own money forward to purchase some rights of a company in a market is usually based on risk v reward. from a customer experience i would pay a premium for the service and people who drive as compared to most of the cab drivers i have experienced over the years. On rainy days i would call a cab and they would never show up so i ended up walking to work, wet. now any where i am i just open the app and there poof is a driver (by name, face picture and car) i also think uber is private — soon to do an ipo which i am not sure why they need capital unless the owners just want to cash out. and the price fluxtuates based on drivers and requests. I had a guy drive me to work in a snow storm in a dodge challenger. i think it was $14 bucks.