Why do experts say the era of cheap rides from Uber and Lyft is over?

Let's connect the dots.

For much of the past decade, motorcyclists have enjoyed relatively cheap trips from ride-sharing companies. Rides tended to be so affordable that in some cities, public transit use dropped.

But now there's a new driving force that goes beyond the factors that could slow profits from cheap rides.

According to Slate.com, the company has lost almost 30 billion euros since Uber was founded in 2009. The reason for this is that start-up companies will ask people for long-term investments to offer the service at a lower cost, thus creating high demand.

Now interest rates have risen and investors want to make money. This means that we will all pay more for a ride to the airport, or back home after a night out.

READ MORE: https://www.wcnc.com/article/news/local/connect-the-dots/uber-lyft-money-connect-the-dots-rideshare-inflation/275-ee17bbf2-857a-4496-8653 -b849e2269279

Please take the opportunity to connect and share this video with your friends and family if you find it helpful.