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This ends up unreasonably expensive unless subsidised by loss-making VCs.

It ends up like an Uber, but cheaper since you have no driver and are sharing the vehicle with other passengers.

And Uber is endlessly subsidized by loss-making VCs. Uber has been losing billions of dollars every year.

Uber made money this year if you take uber eats out of the equation.

this year. Uber is 11 years old this year. It has been subsidized by endless VC money for the past ... 11.

Moreover, when they went public in 2019 they said that "Uber may never turn a profit". And yet here we are.