Is profit not normally extracted from the public? Rideshare costs are definitely increasing as they move towards profitability, this seems to be the expected and reasonable path towards that.
The ability to generate a profit and investment rounds aren’t mutually exclusive, but if you’re focused on growth you’re not going to have profits because you’re going to be spending all of your money on growing. That doesn’t necessarily mean you couldn’t drastically reduce expenditures and become profitable if investment wasn’t an option (or just an unfavorable option)
