lose lose lose (ride-hailing)

Uber loses money but gets 8 bln funding with IPO

Uber drivers complain of falling compensations

Cities complain of growing traffic, Uber competitor of public transport

still, money piles up awaiting maybe (surely) awaiting to monopolistic power (network egffects, increasing economies of scale) when either one:

screw drivers

replace them with AI

screw clients

screw the cities force them to ban private cars

never know what monopolists could do, what are the policy option now since costs are falling on various categories ?

Economist article Public Distress




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