Most money maid on speculations. For every winner in the stock market there is a looser. In case of uber and lyft the winners are currently customers who are getting subsidized rides, VC companies, companies employees and of course the biggest crooks who brought this this scheme to reality. The losers are are the drivers who invested their time and money in this scheme and got the job where instead of making more each year, they make less and less. Future shareholders who got a lot of media sponsored adds describing rudeshare as a biggest invention of the century. I recently red smart person comment on this forum, where he wrote:” imagine Burger King selling burgers below other burger places prices ,loosing the money and subsidizing every burger with VC money, going to IPO with with billon dollars losses and 100 billion valuation, predicting that in the future they robots will flip the burgers. Therefore the Burger King will cut the labor cost”. That is not exact analogy because Burger King is a profitable company and didn’t come to idea to sell burgers at lower than production price, nevertheless you get an idea what uber and lyft trie to sell to Wall Street and general public.
