Uber CEO Dara Khosrowshahi estimated a 2.95-mile ride would cost $20 but was surprised to learn it actually cost $51, Wired reported.

Uber CEO balks after a reporter tells him the cost of his 2.9-mile Uber ride: ‘Oh my God. Wow.’::undefined

  • fidodo@lemmy.worldEnglish
    311·
    1 year ago

    They got investment because they were building a monopoly first. It really just tells you how valuable monopolies are if it wasn’t obvious enough already. It’s more reason why we can’t let monopolies happen.

    • Regna@lemmy.worldEnglish
      15·
      1 year ago

      Like Amazon, which only had net losses for several years (from 1994 to 2002) in order to focus on aggressive growth and outcompeting other similar services by setting excessively low prices on books and media.