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> But if the economics don't work for Uber, they won't work for anybody else at scale either.

Uber has no other profit center to prop it up. Everyone else has profitable businesses to lean on (Tesla, Waymo) or corporate backing (Lyft through GM) until they get to the finish line.

If you bet on Uber as an investment, you bet on the wrong horse.




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I post Uber news because I'm fascinated by the death spiral. It is literally a dumpster fire of investor money investors continue to pour money into with no hope of ever seeing a return. It's illogical! I mention Uber being terrible when I do because their actions have been legitimately illegal and immoral. I have a strong moral compass, and abhor the abuse of both workers and customers perpetuated by Uber.

Do I feel bad for Uber employees who have worthless options or exercised stock? Unfortunately not. Do I think they'll ever reach any semblance of vehicle autonomy before they exhaust their runway? I think it's overwhelmingly clear that isn't the case.




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