Definitely worth reading the Naked Capitalism series he mentions in a footnote: ... | Hacker News

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bsirkia on Jan 19, 2017 | parent | context | favorite | on: Why I don't believe in Uber's Success

Definitely worth reading the Naked Capitalism series he mentions in a footnote:

Part 1: http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver...

Part 2: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 3: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 4: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 5: http://www.nakedcapitalism.com/2016/12/can-uber-ever-deliver...

Part 6: http://www.nakedcapitalism.com/2017/01/can-uber-ever-deliver...

habosa on Jan 19, 2017 [–]

Can't upvote this enough. It's a rigorous analysis showing that Uber is running a VC-funded ponzi-scheme in their current iteration.

It is possible that some future Uber innovation will make them profitable, but their current operation is smoke and mirrors.

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