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Uber is one of the most recognizable startups in the world, but they are also one of the most fragile businesses in the world. Despite growing to ubiquity and charging significant fees to drivers and users, Uber has struggled to make the business profitable. Before, they would point to substantial revenue growth as a justification for why they weren’t profitable. But, more recently, revenue has more or less stalled out as well. One of the main reasons for this is that while Uber is a tech company, they don’t benefit from the efficient scaling of tech companies. While Uber has streamlined the process of getting a ride, every ride still needs a driver which has made it difficult to make economies of scale profitable. This video explains the various challenges plaguing Uber’s business and their struggle for profitability.

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Timestamps:
0:00 - The State Of Uber
2:22 - Doomed From The Beginning
5:44 - When Tech Doesn’t Scale
9:27 - An Uncertain Future

Resources:
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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