Yeah this article made a lot of claims that seem completely untrue. For example, CD says that Uber's money is running out. If you look at their net assets on ha

Yeah this article made a lot of claims that seem completely untrue. For example, CD says that Uber's money is running out. If you look at their net assets on hand it went up last year. This past year with tighter labor markets has shown that Uber does have substantial ability to increase prices without losing all of their riders. They are running losses, but the margins are not that far from profitable. For every dollar you spend on Uber, Uber's costs are $1.02 on average. A much better analysis of Uber's financial situation is this https://philo.substack.com/p/ride-hailing-is-it-sustainable https://philo.substack.com/p/ride-hailing-is-it-sustainable