> Meanwhile, the federal government is cutting support for public services, including transit systems — many of which still haven’t fully recovered from Covid-era budget crunches. Though ridership nationwide is up to 85 percent of prepandemic levels, Bloomberg News recently estimated that transit systems across the country face a $6 billion budget shortfall. The gameplan is clear. Take the high value, richer customer…
I don't especially like Uber as a company, but it's not reasonable to spin a service that outcompetes a publicly-funded competitor as a conspiracy against the public, and in many of the cities Uber operates in, the transit authorities had been faceplanting all on their own without any help.
The problem is that public transit has to serve a lot of unprofitable lines and by having a private competitor putting pressure on the only parts that actually make money, the overall economics of public transit become much worse.