End of the line for Uber?
What I don&#x27;t understand about the &quot;Uber can never be profitable&quot; argument is, why can&#x27;t they just raise prices until they&#x27;re no longer selling at a loss? If the answer to that is, &quot;because then demand would die&quot;, why doesn&#x27;t that apply to taxis? Taxis make money. Why can&#x27;t a better (in many people&#x27;s opinion) service, with better tech, do at least that well?<p>Setting aside the other reasons to dislike Uber, there is obviously a valuable product there. I get that it has been subsidized by VC dollars in a land grab, etc., but saying it can <i>never</i> be profitable is saying it can never find a fair market value, and that doesn&#x27;t make sense to me. What am I missing?