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    Michael Hiltzik: As was predicted, Uber's IPO means you'll be paying higher fares for your rides

    by Michael Hiltzik, Los Angeles Times May 31, 2019 3 minutes

    Uber's first-quarter earnings report released Thursday - its first since the ride-sharing company went public on May 10 - disclosed more than the financial condition of the company.

    It also opened a window on the economic reality of the ride-sharing business. In discussing that reality, Uber executives revealed something that always percolated in the background about its business: Once Uber went public, its subsidized pricing would disappear.

    That could create a new

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