&gt; Uber is losing hundreds of millions of dollars.<p>Isn&#x27;t it actually spending hundreds of millions of VC dollars building a global monopoly?<p>As the article described, this is a network effects platform that gets better as it grows. This also gives them the ability to offer a better product at a lower price, squeezing out competitors.<p>The thing that amazes me the most about Uber is the flagrant disregard of local laws, and the lack of repercussions.