They aren't providing value for "common people", they are trying to capture the market with massive subsidies. That itself is cause for a huge amount of concern.
They aren't providing value for "common people", they are trying to capture the market with massive subsidies. That itself is cause for a huge amount of concern.
Your overall concern is valid, but I'd disagree with them not providing value. They're significantly cheaper, cleaner and more accessible than regular cabs in many places, but I agree this is likely to change once they have a monopoly.
i.e. they are subsidising rides themselves, temporarily.
Uber are burning through billions upon billions of dollars of investment money.
Absolutely not, subsidy does not only refer to public money, I'm not sure why you think it would. I'm not under any illusion that public money is being poured into Uber, nor would I wish to give that impression.
How ridiculous.
You keep using that word, I don't think it means what you think it means.
It's just semantics and I'm not sure why you think it's important.