Uber Quits China


Well-Known Member
Uber only knows how to do business one way. Reduce prices and take a bigger percentage. No IPO is going to change that. Nor is exiting a foreign market. I cannot image a scenario where uber voluntarily increases compensation. Maybe by regulation, maybe by the decision of investors to stop funding their losses, maybe by a collapse in driver supply - but they aren't just going to raise prices because they can.