Uber president Jeff Jones is quitting, citing differences over beliefs and approach to leadership

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4. That doesn't matter to a lot of people. They hate taxis and love cheap rides.

But it is all coming back on Uber. Their goal of killing traditional taxi and public transportation services is looking more and more like a murder-suicide. Meanwhile, if you use Uber long enough, you will end up with bad experiences. The drivers are getting more frustrated and rude. The quality of the cars is dropping. Stolen account fraud, long riding, and billing errors are increasing. There are even fliers and web postings about how to get free rides by lying about your driver.

They are using predatory pricing to drive out the competition. Unfortunately, that tactic means that they are losing money year after year. So they have to rely on investment capital to pay ongoing expenses.Unless they find a path to profitability, they will eventually run out of investor capital and future investors to provide more capital.