> Uber literally makes all their money by providing a service that people willingly consume. They are really providing lots of value. Uber is not making money.

> Uber literally makes all their money by providing a service that people willingly consume. They are really providing lots of value. Uber is not making money. They are burning through investor cash in excess of $2B per year in the false hope of breaking the backs of the incumbents so Uber can achieve monopolistic rents far in excess of status quo. Riders "willingly consume" Uber because of this investor subsidy which conceals the true cost of carriage. When the easy money dries up, it's game over for Uber unless they can go full autonomous sans driver. Uber is running out of runway and they know it. That's why they're flaunting the DMV in the rushed hopes of getting this Hail Mary to market.