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1. cjd (cjd@pkteerium.xyz)'s status on Monday, 18-Mar-2024 20:26:48 JST cjd
   People unironically mumbling "greedy corporations" are some serious Left Side Of The Curve shit.
   
   Uber and Lyft make TINY profits, they've spent the last 10 years LOSING investor money just trying to make any profit at all.
   
   Uber had 37 billion dollars in bookings in 2023 and guess how much profit they made...
   
   600 million
   1.6%
   
   If they're pulling out of a city, it's because they have determined that not doing so will cause them to LOSE money operating there.
   • LS likes this.
   • LS (lain@lain.com)'s status on Monday, 18-Mar-2024 20:29:25 JST LS

     in reply to
     @cjd it's the same when people talk about 'greed' as the reason for rents being high (in berlin, for example). Why don't they just buy stock in those publicly traded real estate companies and offset the 'greed'? Because they'd find out that those super greedy companies have these 1 to 2% profit margins.