Uber (Ch)eats

A US $100 bill in which Benjamin Franklin has been replaced by the icon of a bank robber in a hoodie, his face an Uber logo. Image: Vectors Point, PK (modified) https://thenounproject.com/term/robber/3239420/ Ian Merchant (modified) https://www.flickr.com/photos/iainmerchant/33258321552 CC BY: https://creativecommons.org/licenses/by/3.0/us/legalcode

Uber is not a business in the traditional sense. It’s a “bezzle” (“the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it”).

The only reason Uber was able to attain growth was because investors gave it billions to lose. First, it was the Saudi Royals, hoping to spend their way…

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