Uber's VAT-avoidance means it owes millions to EU states and will face huge cuts to future EU profits

[anon50609448]

@diemos3211

Personally I think the autonomous vehicle thing is mostly just a diversion to distract from the monopoly play. The real inflection point for them (in the US at least) is going to be whether or not they can outlast Lyft. If Lyft goes under I expect that Uber will raise rates while dropping the proportion of the fare that goes to the driver significantly.

Kalanik is probably paying himself some hefty bonuses to lose $2B of their money a year. Uber has been quite public with their goal of becoming a monopoly. It’s quite possible that monopoly-seeking is a distraction from the actual goal, which is to fleece the rubes venture capitalists.