Operations

Why Uber Is Headed For A Crash

Posted on December 5, 2018
Uber may be alive, but is it well? (Photo via Flickr user Stock Catalog/www.quotecatalog.com)
Uber may be alive, but is it well? (Photo via Flickr user Stock Catalog/www.quotecatalog.com)

By steamrolling legitimate transportation companies in cities all over the world and cultivating cheerleaders in the business press and among Silicon Valley libertarians, Uber has managed to create an image of inevitability and invincibility. But the company just posted another quarter of jaw-dropping losses — this time over $1 billion, after $4.5 billion of losses in 2017. How much is hype and how much is real?

Intelligencer article here

Related Topics: business management, TNCs, Uber

Comments ( 3 )
  • Kaloyan P

     | about 2 days ago

    Catch 22 or the biggest new Ponzi scheme that will enter the textbooks in Economics?! The “ride share” executing private rides?! Some of us new that for years?! Travis started but no balls to continue, played big with investors money and walked away. Used the good chauffeurs to build the business and dumped them introducing Uber X. Drivers killed and raped left and right- went on a rampage. Government kept quiet. Executives started leaving Uber hired Dara. If he does not walk away, Dara will eat the s..t soon Government officials got rich from Uber bribes to let them operate( because we all know that no one will let them operate them legally) Saudis and other dummy investors will have a thumb in their a.. soon, and maybe order Dara and Travis 😆 US government collected lots of taxes from this 100% credit transactional business, but created unpredicted problems- traffic jams, lost revenue from other departments affected by TNCs- transportation, licensing, parking etc Most of the riders- cheap and cocky who sold their asses for pennies. Many more scenarios but for that will take me a novel Find the drugs and the hookers and that’s a whole Ritchie or Tarantino movie 😆 😂 🤣

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