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pydry 6 hours ago

The issue isnt that theyre overlooking new value created it's that you're overlooking the enormous power imbalance some parties are using to exploit others for material gain.

Uber's profit margins are about 10% value created and 90% exploitation of power imbalance between the rich corporation and itinerant drivers and less well capitalized competitors.

Whether somebody acknowledges this reality or not tells you where their political allegiances lie.

fastball 4 hours ago | parent | next [-]

The entire "app-based rideshare market" was created by Uber, and in 2026 they don't capture anywhere close to 100% of it. An Uber driver's share of profits without Uber existing is $0.

inigyou 3 hours ago | parent [-]

Back before Uber existed I was ordering a taxi on a website and they even had real time tracking. Yeah it wasn't an app, but most things weren't at that time.

BobbyJo 5 hours ago | parent | prev [-]

> Uber's profit margins are about 10% value created and 90% exploitation of power imbalance between the rich corporation and itinerant drivers

That feels like a number you are just making up based on hating Uber.