Uber’s Path of Destruction

Originally published by Hubert Horan (via @ekp) / Links

Don’t use Uber:

An examination of Uber’s economics suggests that it has no hope of ever earning sustainable urban car service profits in competitive markets. Its costs are simply much higher than the market is willing to pay, as its nine years of massive losses indicate. Uber… is actually less efficient than the competitors it has been driving out of business.