Point A is looking more and more false. Uber took on a lot of costs; instead of running a very lean operation, they spent like a tech company. They're having a hard time weathering this downturn. Governments are catching up to them on their labor-isn't-labor regulatory arbitrage, and I expect that come 2021, they'll see national-scale questions about their worker exploitation.
Point B is looking even worse. Once they failed to kill Lyft, extracting monopoly rents went out the window. And now a bunch of well-funded organizations with strong brands are coming after their business with autonomous cars. It won't be easy competing with Google on software. It won't be easy competing with GM on cars. And plenty of companies have brands compatible with becoming a preferred transportation provider. E.g., imagine BMW's autonomous car service. Or even worse from Uber's perspective, Costco. That's something like a quarter of American households.
It's perfectly plausible to me that Uber will never hit breakeven in terms of total profit exceeding total investment. By 2040, they could be in the same bucket as Groupon: an early darling that still exists but people barely remember.
https://markets.businessinsider.com/news/stocks/amazon-raise...
Uber failed to create a monopoly, both due to their choice of market and poor execution.
Just because it is possible to create a monopoly, does not mean you will necessarily succeed.
https://www.nytimes.com/2018/05/16/technology/moviepass-econ...
There are tons of VC unicorns which are burning investors money on unsustainable business models, like food delivery apps that subsidize your orders. WeWork has no chance of avoiding bankrupcy.
The irrational exuberence has been here for quite some time already, and out of everything, a bankrupt company which at least used to have a working business model and existed for 100 years is not nearly the most insane investments going on here.
(The insanity is buying it before the bankruptcy restructuring, tho).