Category Archives: Uber

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Five: What Drove Uber’s Recent $8 Billion P&L Improvement?

How did Uber achieved a $8 billion P&L improvement after losing $33 billion in its first 13 years? Misleading accounting plays a big role.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Four – Tony West’s Calamitous Legacy at Uber and with the Kamala Harris Campaign

On Tony West as intellectual leader and major implementer of the similar Uber narrative-driven strategy and the failed Harris campaign.

Lina Khan’s FTC Gears Up to Go After Algorithmic Black Boxes Governing Workers’ Lives, but It Might Be Running Out of Time

A closer look at “algorithmic wage discrimination” used at gig companies (and increasingly across all industries), one potential tool to stop it, and how the FTC is zeroing in on the practice.

“How Does OpenAI Survive?”

Ed Zitron explains in gory detail why OpenAI looks like the mother of all bezzles.

Self-Driving Cars Hit the Wall

Self-driving cars have suddenly gone from being depicted as inevitable to likely never happening at scale. Why?

Tips Tricks Dampen Delivery Worker Celebration of New $18-an-Hour Wage

Delivery platforms DoorDash and UberEats immediately retaliated against a NYC-madated wage increase by redoing their apps to undermine tips.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber

Hubert Horan takes another hard look at Uber financials and finds much not to like.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Two: Losses Top $33 Billion But Uber Has Avoided The Equity Collapse Most “Tech” Startups Experienced

An update on Uber financial fakery and continued lack of bona fide profits.

As Gig Economy Grows, Its Toll on Workers Mounts

Democrats help the gig economy expands its reach as it brings pain and suffering to more American workers.

Australian State Government Bails Out Owners of Taxi Licenses After Uber Destroys Their Value

The NSW government allowed Uber’s illegal market entry and now makes consumers pay to bail out taxi license owners. Having paid to bail out taxi owners, the NSW taxi industry will nonetheless be completely deregulated.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders

Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.

Hubert Horan and Izabella Kaminska: Can Uber Ever Deliver? Part Thirty: The “Uber Files” Are Not the Uber Exposé You Are Looking For

The Uber Files showUber’s bad conduct was deliberate, but miss that its poor economics meant Uber engaged in a confidence trick on society.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Nine: Despite Massive Price Increases Uber Losses Top $31 Billion

Uber burns through yet more cash, but analysts and reporters fail to question its extremely misleading financials.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Eight: Uber Still Unprofitable, But Reduces Losses by Squeezing Drivers and Restaurants

The latest update: the financial media continues to parrot management falsehoods about Uber results and there is still no path to profit.