Since 2016, Naked Capitalism has been releasing a 14-part (edit: now 20-part!) series by Hubert Horan that looks at Uber, the ride-hailing (read: taxi) company. I can’t recommend the series enough: it is a comprehensive look at the company in the context of the economics of the taxi industry, the ideas about Silicon Valley and “innovation” that it relies on to propagate itself, and its use of marketing, PR, and lawbreaking to obfuscate fairly obvious realities.
As much as for me as for other people, here is a concise place with all the links to the series. See also Horan’s 2017 journal article, Will the Growth of Uber Increase Economic Welfare? and his 2019 journal article, Uber’s Path of Destruction.
Can Uber Ever Deliver?
- Understanding Uber’s Bleak Operating Economics
- Understanding Uber’s Uncompetitive Costs
- Understanding False Claims About Uber’s Innovation and Competitive Advantages
- Understanding That Unregulated Monopoly Was Always Uber’s Central Objective
- Addressing Reader Comments and Questions
- Latest Data Confirms Bleak P&L Performance While Stephen Levitt Makes Indefensible Consumer Welfare Claims
- Uber’s “Narrative” and The Vox and Stratechery Critiques of Naked Capitalism’s Uber Series – Defending Uber Requires Ignoring Industry Economics
- Brad Stone’s Uber Book “The Upstarts”– PR/Propaganda Masquerading as Journalism
- The 1990s Koch Funded Propaganda Program That is Uber’s True Origin Story
- The Uber Death Watch Begins
- Annual Uber Losses Now Approaching $5 Billion
- Brad Stone and Bloomberg Continue To Get the Uber Story Badly Wrong
- Even After 4Q Cost Cuts, Uber Lost $4.5 Billion in 2017
- The New Yorker Lays Out the Template for Pro-Uber Propaganda
- Uber’s Q1 Results — Reporters Show They Aren’t Up to Reading Financials
- Is Morningstar’s Horrendously Bad Uber Analysis a Preview of Uber’s IPO Propsectus?
- Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches
- Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable
- Uber’s IPO Prospectus Overstates Its 2018 Profit Improvement by $5 Billion
- Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?