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Are you arguing that Uber’s business model isn’t sustainable or that it’s bad for both parties? Uber being in the red doesn’t mean it’s a net negative for every
by CodeSgt 3y ago
Are you arguing that Uber’s business model isn’t sustainable or that it’s bad for both parties? Uber being in the red doesn’t mean it’s a net negative for everyone.
- Eisenstein 3y agoOperating at a loss drives out anyone who doesn't have the money to burn forever to compete with you, and when the market is yours you can re-align prices to allow profit. This seems clear to me and the 'net negative' is that you don't actually have a free market anymore. Inserting yourself between product and fulfillment and taking the surplus value that would have gone to either customer or producer is not a gain for anyone but the people who invested in the rent-seeker.