The only way Uber works as a service is if you leverage all the people that want to be a taxi driver for a few minutes, so are will g to take less than a living wage because it's extra income that they trade time (and a vehicle) that they weren't utilizing much already during that time, which allows rates lower than taxis.
The only way Uber works as an investment (at the level they've accepted money) is if they somehow kill off traditional taxis and all competition and become the only game in town (where "town" is basically the whole U.S.), and charge taxi rates or above.
Given that the cost of entry I to the market (at least for customers willing to see the cheaper rates) is essentially zero as by the nature of the business your drivers can drive for anyone, making Uber work as an investment doesn't look very likely to me. Not that I'll feel all that bad when those people lose money. I'll just call that karmic justice for investing in a company with such a horrible record (I believe if Uber didn't have billions invested by the elite they would have been shut down or heavily regulated for bad business practices years ago).
The only way Uber works as an investment (at the level they've accepted money) is if they somehow kill off traditional taxis and all competition and become the only game in town (where "town" is basically the whole U.S.), and charge taxi rates or above.
Given that the cost of entry I to the market (at least for customers willing to see the cheaper rates) is essentially zero as by the nature of the business your drivers can drive for anyone, making Uber work as an investment doesn't look very likely to me. Not that I'll feel all that bad when those people lose money. I'll just call that karmic justice for investing in a company with such a horrible record (I believe if Uber didn't have billions invested by the elite they would have been shut down or heavily regulated for bad business practices years ago).