[bsirkia]

Definitely worth reading the Naked Capitalism series he mentions in a footnote:

Part 1: http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...

Part 2: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 3: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 4: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 5: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 6: http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver...

[habosa]

Can't upvote this enough. It's a rigorous analysis showing that Uber is running a VC-funded ponzi-scheme in their current iteration.

It is possible that some future Uber innovation will make them profitable, but their current operation is smoke and mirrors.