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> why doesn't that apply to taxis? Taxis make money.

Wouldnt it "just" be because of the massive overhead that Uber has with the software engineers, support staff, execs, etc?

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To be honest that’s all self inflicted. It may be painful to downsize to a sustainable model but these aren’t hard costs - at least not to the extent they exist now.

The question is whether a sustainable model's marginal utility over the regular old taxi business is sufficiently large to justify the entire endeavor.

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