In the first of three interrelated articles, transportation consultant Hubert Horan discusses Uber’s “uncompetitive economics.” There is no real innovation in the company’s business model, he argues. Its market share is the product of predatory pricing and gigantic subsidies, not of higher productivity. Why is Uber, a company that has lost over $20 billion and … Continue reading The Uber Bubble: Why Is a Company That Lost $20 Billion Claimed to Be Successful?