Can you elaborate? Uber especially engaged in massive expenses on self driving cars, market share grabs, etc. But take those out and what remains seems to be a solid ride hailing business that should be able to generate stable profit.
It needs to be less expensive than a taxi to generate a lot of demand, but this seems to be a pretty low bar.
If they raise the prices, does the market go away?
If they are able to outlast and go to self-driving cars, how profitable is that business when factoring in competition, possible regulation, or it even becoming a public utility?
You’re underestimating the current oligarchy that exists. That’s why net neutrality is dead. You’re right, it’s not intrinsically true, but it’s pretty damn close to it...
Side note: big companies generally die because they don’t take a real threat seriously, and by the time they do, it’s too late.
It needs to be less expensive than a taxi to generate a lot of demand, but this seems to be a pretty low bar.