So I went to get my driver's license renewed today (thankfully, I won't have to do that again until 2025), and the buy in front of me in line was super bullish on Uber. Yet, everyone that's ever invested in Uber since it's IPO is losing money. Additionally, the company itself is burning through money. Wall Street has wrongly given it a $54 billion market cap presently and it doesn't even make any money. In fact, it lost over $7.6 billion last year alone. No thanks. https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/fundamentals/IOSU6hIfr0e_ddd3b0bprg/sP6EiVgd00-yTfoJRpIQYg

Comments (4)
No. 1-1
kenatech
kenatech

I wouldn't even consider taking an Uber. In most states, to carry passengers for hire, you must have a chauffeur's license and commercial insurance, which costs a whole lot more than regular car insurance. (My policy says I cannot carry passengers for hire.) Many, if not most, Uber drivers choose to skirt these laws, so if you get hurt in an accident in an Uber, you may have no recourse. Sure, taxis cost a little more, but they must be licensed and insured.