This tweet hasn't aged well.https://twitter.com/paulg/status/222462460978937856 …
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Uber is like Walmart. They're subsidizing the costs to gain a monopoly. It's not sustainable. See, e.g. http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver-part-seven-ubers-narrative-vox-stratechery-critiques-naked-capitalisms-uber-series-defending-uber-requires-ignoring.html …
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The only reason Uber's numbers aren't even worse they externalizations most of the expenses on unsuspecting drivers. http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver-part-two-understanding-ubers-uncompetitive-costs.html …
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