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Which is, of course, something Uber's done several times before. It's hardly cynical.

I lived through this in Austin. It's happening again.

Doesn't Austin have a local rideshare service that's popular? I thought I remembered them filling the void created when Uber left.

There were 2 or 3, but they weren't even half as good as either Lyft or Uber. The rides were more expensive and took longer to route for pick up.

Were the rides more expensive because they weren’t using unsustainable VC money to subsidize fares?

Lyft also left Austin, so unless Lyft follows Uber and shuts down temporarily, it's not comparable. And Uber Eats also has large competitors in CA.