End of the line for Uber?
What I don't understand about the "Uber can never be profitable" argument is, why can't they just raise prices until they're no longer selling at a loss? If the answer to that is, "because then demand would die", why doesn't that apply to taxis? Taxis make money. Why can't a better (in many people's opinion) service, with better tech, do at least that well?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 never be profitable is saying it can never find a fair market value, and that doesn't make sense to me. What am I missing?