system
A chat on subreddit /r/wallstreetbets
human
I haven't followed the rideshare industry much, but from my understanding, these companies basically just were cash burning machines for VC's. Thats ok since they were growing, but since both companies seem to loose more money the more they grow, this has to be the 'smart money' getting out before it crashes. Only options they have for cash now is debt and selling more equity. Once its bad, its going to be really bad.

gpt
They have ~40% gross profit in terms of (revenue - cost of revenue) / (revenue). They bleed when SG&amp;A comes into play. 
  
 The question is: can they eventually stop marketing and turn into a cash machine without Uber/Tesla/Waymo eating their lunch? 
  
 Tricky game they're playing