Worse than that: Uber has yet to turn a profit!! [1] [2]
Even treating its “independent contractors” like d09(c)h!7 isn’t enough to make the business profitable. As best I can tell, investors are literally investing in the idea... no, hope, that companies can somehow exist without real employees. That they can Pray Away the Proletariat.
[1] : https://morningology.com/four-top-reasons-why-uber-isnt-prof...
[2] : https://www.forbes.com/sites/bethkindig/2020/03/25/can-uber-...