By CCN: As expected, Uber’s earning report delivered a quarterly loss of $1 billion. Management must be working out how to dupe drivers into generating more revenue for the ridesharing play as traders pile on to short the stock.

Uber Doesn’t Care About Its Drivers

Uber has never been kind to its workforce. Rideshare effectively strips the equity out of a driver’s vehicle by accelerating its depreciation with enhanced use while Uber trumpets that it allows people to monetize their wheels.

The ridesharing company promised pie-in-the-sky annual earnings and set up drivers with ripoff automobile financing. Uber has pulled out the stops in getting suckers to drive for crappy net hourly pay.

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