### Comment:
Uber is still cheaper than traditional taxis without any form of subsidies. There is some price elasticity you're not accounting for.

### REPLY:
Uber is borrowing debt for cheap and using that to subsidize their drivers to promote growth. They already have slowing growth with ~20% YOY, which is why they tried to branch out to other things like uber eats. They are no longer a 'growing' company and have hit their plateau.

### END.