Uber huge losses

It is stated that for every $1 Uber earns they spend $1.50. Not a sustainable business model for the average hard working taxi business.

Also of interest are the reasons for the losses or rather the reasons that are NOT included. There is no mention of the fare subsidising and the payment of sweeteners to obtain waiting areas add major events.

https://www.theguardian.com/technology/2016/dec/20/uber-makes-losses-despite-surge-in-revenues-reports-say

http://www.vanityfair.com/news/2016/12/uber-could-lose-almost-3-billion-this-year

http://www.wired.co.uk/article/uber-finances-losses-driverless-cars

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