© 2016 Bloomberg Finance LPAs I wrote on April 11, Uber is unprofitable because it lacks a moat -- which I prefer to call a sustainable competitive advantage. What Is a Sustainable Competitive Advantage? Uber's market share lead is a pyrrhic victory since the company is losing money. Nevertheless, those market share gains provide an opportunity to highlight the fundamental problems with its strategy by examining where Uber falls short on three key elements of competitive advantage. But since they compete in inherently unprofitable markets without sustainable competitive advantage, investors should look elsewhere for public equity profits.

Source: Forbes April 13, 2019 20:37 UTC