Uber’s narratives reduce everything to emotive battles between good and evil. If Uber’s success is inevitable, and resistance is futile, no one needs to waste time examining any actual economic or financial data. Part one of this series documented Uber’s uncompetitive economics, its inability to earn sustainable profits in competitive markets, and its explicit pursuit of […]| ProMarket
Uber’s employees co-authored academic papers with brand name scholars that were then used to back the company’s PR and lobbying strategy. Published in respected journals, those articles are based on proprietary data and non-replicable analysis. Moreover, they all don’t discuss the subsidies that make it possible for Uber to pursue market dominance despite its endless […]| ProMarket
Since it began operations in 2010, Uber has grown to the point where it now collects over $45 billion in gross passenger revenue, and it has seized a major share of the urban car service market. But the widespread belief that it is a highly innovative and successful company has no basis in economic reality. An examination of Uber’s economics suggests that it has no hope of ever earning sustainable urban car service profits in competitive markets...| American Affairs Journal