In the decade before IPO, Uber wasted over $24 billion of investor capital. Since IPO, Uber wasted over $14 billion. Driverless cars, flying taxis, bikes, and scooters were supposed to be key to Uber becoming the "Amazon of transportation." It was bullshit https://www.vice.com/en/article/93wq9y/uber-sells-off-sci-fi-pipe-dreams-exploiting-human-labor-is-its-only-plan

Hard not to see how Uber is anything other than what one analyst called a "Ponzi scheme of ambition." To distract regulators, investors, the public, and drivers from its exploitative core operations, new fantastical narratives were crafted about "mobility" & "urban solutions."

Uber's business model is simple: regulatory arbitrage and servant work. That's all it ever has been. That's all it ever will be. Everything else is a line you are being fed to distract from its fundamentally unprofitable and anti-democratic business model.