Hacker News Reader

Uber does not need the amount of money it raises because of vehicle automation. That's a relatively tiny portion of their spend.

Where is the bulk of their spend? Hiring? Lobbying local jurisdictions?

Subsidies for drivers as Uber attempts to expand market shares overseas and maintain dominance over domestic competitors: https://www.bloomberg.com/news/articles/2016-08-25/uber-lose...

Honestly, the China gamble Uber had earlier this year shows me that they're spreading themselves too thin.

I would imagine the latter. Conducting an illegal business in the open must be expensive.