On this week’s episode of Le Show, Harry Shearer interviews Hubert Horan, a long-time consultant in the transportation field, about Uber and Uber’s business model.
You can listen to the interview here. It is well worth your while.
Here’s an excerpt:
Shearer: The future that is sometimes sketched out by supporters of Uber is, “Well, but wait until driverless cars.”
Horan: All the people who talk about driverless cars are people who watched the Jetsons too much when they were children.
The short version of the interview is that Uber has no business model: without continuous infusions of money from third parties who have been blinded by the hype, it would have failed long ago.