Reply to post: Re: Uber's response

Taxi for Uber: Ride-hailing app giant stripped of licence to operate in London

Warm Braw Silver badge

Re: Uber's response

Uber makes money

It really doesn't.

It subsidises its transport operations on the assumption that it can (a) eliminate competition and (b) eliminate human drivers so that it can substantially raise its margins before its investment capital is used up.

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