News Summary

• In the 2010s, few companies more contentious than Uber, and not just because of the scandals and willingness to operate in the gray area of the law.
• There was a massive debate over whether or not the company was even a viable business.
• All of Uber’s growth has required massive investor subsidies — $2 billion in 2015 and $3 billion in 2016.
• Thompson argues that Uber has grown total market demand and offered greater service options at night.
• True, but all due to unsustainable predatory subsidies.