End of the road for Albuquerque Cab

[FrodosNewPet]

5. That is the advantage of constantly cycling through new drivers

But when they have been driving on unsustainable low rates for a while, the car goes downhill as they cannot afford to live indoors, feed themselves, AND maintain the car. They either quit., sleep in their cars, or get booted for low ratings.

And now there is a question of how much longer Uber can stay in business. Between administrative expenses, technology, insurance, driver incentives, fines, lost lawsuits, and investment in autonomous technology that they may end up barred from using, they are losing money hand over fist. Supposedly each dollar of revenue costs Uber $1.40. They are surviving on invested money, not profits. Eventually, that invested money will all get burned through. Without a clear path to profitability, it will get harder and harder to score future venture capital investments.