Uber and Lyft are functionally taxicabs — better dispatched and more convenient but, still, taxicabs, pretty much. Uber and Lyft have long used investor money to subsidize operations. Once Uber and Lyft have burned through those, they’re going to have to charge us what the rides are actually worth. In other words, as a modern-day Joseph Kennedy might say: Don’t buy frothy stocks unless you’re willing to lose a bundle. And don’t sell your car unless you’re ready to walk.

Source: Washington Post March 06, 2019 00:32 UTC