Please read Horan’s analysis on Naked Capitalism. Horan is a transportation expert with decades experience in making profit moving things and people. Uber does not make money and will not make money unless it established a monopoly.

I always wonder what Jalopnik has against Uber vs Lyft. To me they are virtually the same, yet there are countless articles about Uber being terrible and doomed but nothing much on Lyft. Why so?

The bleeding cash isn’t so much an issue for me so much as the lack of economies of scale. I haven’t delved into that aspect that much, but part of the reason the companies survive is through economies of scale. If it is true that Uber is fundamentally incapable of having economies of scale, if may not survive because…

Wanna bet on that?

the only benefit that uber provides is the increased likelihood that a ride will be available when i’m far from any semblance of civilization, and drunk.