Uber’s billion-dollar losses expose the fragile state of the on-demand economy — Quartz

One of the best summary statements of the current situation I’ve seen. — Your Editor

Taken together, the summer’s events brought into sharp focus two of Uber’s fundamental challenges: labor and competition. The company is primarily engaged in buying a monopoly to justify its status as the highest valued start-up on the market. Meanwhile, it’s devoting many of its substantial resources to keep driver disputes stretching across the country from California to New York at bay—at least for now.

Source: Uber’s billion-dollar losses expose the fragile state of the on-demand economy — Quartz

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Author: Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he's published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.