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c/hackernews · by haxor@derp.foo · 3y

Uber Posts First Quarterly Net Profit of $394M

https://www.wsj.com/articles/uber-q2-earnings-report-2023-453c335a

There is a discussion on Hacker News, but feel free to comment here as well.

8 points · 1 comments · view on lemmy.world

1 Comments

jacaw@lemmy.ml · 1 pts · 3y

I wonder how long they’ll stay competitive with taxis. From what I understand, they were subsidized pretty hard by VCs during the low interest rate era.

Anecdotally, Uber would’ve charged me $75 for a ride from JFK airport to uptown Manhattan, meanwhile every taxi had a $70 fixed fare. They’re already neck-and-neck. What’s going to give?