Read the details yourselves, but basically the insanity behind Uber is that they think they can "win" and then the competition will disappear and they will have a monopoly. The entire premise of companies like Uber is you can "disrupt" an existing business by having low entry costs and cheap scaleability. And therefore perpetual actual and potential competition.
Something like Uber can be a nice business. As can its numerous competitors. It just can't take over the world.
