Given that Uber's only quarter in the black was the most recent, AND most of it was from capitalized assets, well, it's just a failing business, but scaled big!

Given that Uber's only quarter in the black was the most recent, AND most of it was from capitalized assets, well, it's just a failing business, but scaled big! It's a common trope for VC's to fund, fund, fund for that sweet hockey stick growth. And they know that it takes money to make money. So yeah, the fact that these businesses have been better is because they were subsidized by VC'e to get you as a customer. Enshittification process is already well full in effect, and will get more expensive and worse But hey, Uber cashed out for the early Ponzi investors. Probably won't pan out past this point.