That doesn't mean they're not subsidizing individual markets to remain competitive though. It just means the average is marginal.

IIRC Uber lost $2B on the Chinese marketing simply because of subsidies.

> IIRC Uber lost $2B on the Chinese marketing simply because of subsidies.

uber pulled out of china in 2016 ...

Because it was a loss leader. It's proof that Uber subsidizes individual markets differently.

it's proof they subsidized, past-test, 7 years ago.

its really weird to point to what uber did more than 7 years ago as non public company with no public reporting requirements, and try to use that to refute publicly reported numbers from today.

They have lost $31.5B since 2014 and turned a profit just now. Where did that money go? That one Beyonce party, or it still might have had something to do with their main thing, the rides?