Understanding Uber’s Bleak Operating Economics
This is a great article. The biggest point here is unlike facebook, google and Amazon there is no chance to magically find billions of new users and scale up for Uber. So the chance of turning a profit can only happen with driverless cars, which is atleast a few years away. I did not realize they are desperate to get self driving cars. Wonder how long they can sustain if their self driving car project hits a snag.