I haven't read through this latest, but I've been speculating that they are practicing some combination of eliminating competition and bridging to driverless vehicles.
Will the cash make it? Will regulation (or, lack thereof) remain favorable?
That's the gamble.
Personally, I view these "sharing" companies that work by making an end-run around under-funded regulation enforcement -- regulations built up more of than not (and there is also "not") for good reasons -- as parasites. No benefits, no ADA, apparently no policing the practice of discrimination, ...
Wow, that's not good news for Uber. What's ironic is that where I live (Jordan) Uber is twice the price of normal taxis. It's more convenient obviously, especially if you don't speak Arabic well enough to explain where you're going, but it's damn expensive.
Will the cash make it? Will regulation (or, lack thereof) remain favorable?
That's the gamble.
Personally, I view these "sharing" companies that work by making an end-run around under-funded regulation enforcement -- regulations built up more of than not (and there is also "not") for good reasons -- as parasites. No benefits, no ADA, apparently no policing the practice of discrimination, ...
We'll see.