Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue
Uber will be a dead Unicorn in the medium future. They&#x27;ve got too many legal pressures, competitors with native advantages (i.e. the automakers), and their expansion plans have them overextended. Here in Edmonton, AB, Canada, regulatory changes have pushed the Uber prices to almost 2x during non-surge times over regular taxis. Taxi&#x27;s have stepped up. Local competitors have sprouted. Carshares are abounding. It&#x27;s all too much for them to compete effectively and the drivers are realizing they are making nothing. The driver pool has significantly dwindled here.  The Uber model has no barrier to entry and they&#x27;ve lost their first-to-market advantage. Doesn&#x27;t paint a pretty picture.