And rideshare revenue is stagnating.
OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble.
Russell 2000 back where it had first been in November 2017.
IPO investors tried to unload while they could.
The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride.
War in business ground transportation. But tipping is not popular.