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There's no evidence that Uber makes a shit-ton of money. What evidence exists, points the other way: http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliv

• jonathankoren 10y ago
  I stand corrected. It was clear that all these were attempts to extract additional revenue from their existing user base and infrastructure, and weren't very targeted, but for some reason I thought this due to a combination of flattening profits in an grow-at-all-costs VC environment, and being drunk on money. (Google is a company that is drunk on money.) Well... I still think Uber is drunk on money. Just VC money. And I'm sure that if Uber does implode, Travis will still come out a hundred-millionare and a reputation of being a business genius, even though he never actually turned the growth into a successful sustainable business. Kind of like Sean Parker and Napster. https://ftalphaville.ft.com/2016/12/01/2180647/the-taxi-unicorns-new-clothes/ https://ftalphaville.ft.com/2016/12/01/2180647/the-taxi-unic...