“Uber has no hope of expanding its transport services beyond taxis. Uber’s costs are higher than traditional cab operators, and nothing in Uber’s IPO prospectus offers any clue as to how it could ever reduce its costs to the point where they became competitive with mass transit or private cars.”
“An unkind summary, then, of the past half decade of the consumer internet: Venture capitalists have subsidized the creation of platforms for low-paying work that deliver on-demand servant services to rich people, while subjecting all parties to increased surveillance.”
“[The study] estimated that Uber and Lyft increased traffic fatalities last year by an astonishing 1,100 — an enormous human toll. The study also found, surprisingly, that Uber and Lyft have no effect on drunk driving.”