Quote:
Originally Posted by CSG Mike
You don't stay in business by undercutting everyone else.
Look at Uber; they've been operating at a loss for how long now?
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You're definitely right however uber's not a good example, most of the losses will continue because the losses are due to administrative and legal costs because of having to fight governments and establish in other big cities in other countries as well and continually fight against the lobby to ban them from those cities. In fact in 2014 and 2013 the first two quarters of both years they lost like 60-70 millions according to Forbes because of that. I know because my last semester term paper was on that for ECON
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