What is Uber? Forget the sharing economy – it's just a libertarian scam | Dominic Rushe
by Dominic Rushe from Technology | The Guardian on (#4ES6H)
There are plenty of reasons why Uber's much-hyped share sale might fail - and many more why that could be a good thing
Serf, noun: a laborer bound under the feudal system to work on his lord's estate.
Uber is a lot. Last year 5.2 billion people took a ride in an Uber. And the company lost an average of 58 cents on each ride.
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