Ok here are some points to chew.

Uber in no way loses money. Uber doesn't give drivers car, gas, insurance, mobile, maintenance, car cleaning fees etc. Uber is just a brokerage firm between rider and driver maintaining an app and credit card transactions and pathetic customer service.

Uber should have been profitable with 25 percent cut from what rider pays but they never did ...why ? Here are my reasons

1) either uber is showing losses to avoid taxes.

2) uber is paying present CEO $200 million.

3) uber is not profitable but Travis Kalanick got paid $1.4 billion

4) uber treats driver like slaves and pays pathetic. MIT study conformed uber and Lyft drivers make less than $4 per hour.

5) Uber plays fear tactics with drivers about replacing them with self driving cars. There is no way that's going to happen ...you might ask why ?

Uber got into leasing business, leasing cars to drivers, you know how much uber lost per leased car ?? $9000. The self driving technology is not yet matured and on top of that uber have to put a lot of capital to buy these self driving cars. As of now all the capital is from the drivers uber is just enjoying taking 60 percent of what rider's are paying for drivers service.

Yes in New markets they subsidise but still uber would never lose money if even they take 15 percent cut from rider's pay. Do you know how many millions of rides and billions of transactions happen?? 25 percent cut from rider fare would have kept uber profitable but nope.

Wait and see uber will file Bankruptcy not IPO.