monstrousgourmandizingcats:

probablyasocialecologist:

In a document filed with the Securities and Exchange Commission, the ride-hail company reports that it seeks, as part of its growth strategy, not just to get people out of private cars but to get them off public buses and trains.

Those public services would be replaced by Uber Buses, now being tested in Cairo.

That stunning revelation is deep in a 300-page document called an S1, which the SEC requires for any company planning an initial public offering.

Uber admits in the document that it might never make a profit; that it continues to lose billions by underpricing its product (rides) to gain customer loyalty and market share; and that its entire business model could collapse if regulators or the courts decide that its drivers are employees, not private contractors.

We believe we can continue to grow the number of trips taken with our Ridesharing products and replace personal vehicle ownership and usage and public transportation one use case at a time, including through continued investment in our affordable Ridesharing options, such as Uber Bus and Express POOL.

So they want to replace all transportation with Uber. Even people driving their own cars.