> However, not a single thing in that article does a good job of arguing why Uber is doomed. "rider fares only cover roughly 40 percent of a ride, with the rem

> However, not a single thing in that article does a good job of arguing why Uber is doomed. "rider fares only cover roughly 40 percent of a ride, with the remainder subsidized by venture capitalists" - The equations don't work when the loss-leader is also your only product. The article also talks about how Uber is also burning through the goodwill of the drivers at the moment. Sleeping in your car is not a way for a long-term employee to behave. And also the goodwill of the developers. The article seems to make point after point after point about how Uber is overextended and can't sustain itself long-term. Yes, as long as you're subsidised, you can dominate the market, but how long are VCs going to pump in 60% of every fare? What happens when Uber burns through the available workers?