Uber is a technology company that tracks 'rides' between drivers that are contractors and customers, and accounts for taking money from one and giving it to another. I wouldn't just call it a core part, I'd go so far as it say it is the intrinsic essence of their business. They're not a bank, but they're not running a branch with tellers taking cash and running ATMs, either.

They are in the transportation market serving transportation needs for a transportation-seeking customer base. How they accomplish that is obviously interesting, but their attempts to move laterally haven’t been amazing from what I can tell (though I don’t follow them closely).

They are structured and run like a tech company but imo they don’t produce a tech product.

> They are structured and run like a tech company but imo they don’t produce a tech product.

This kind of comment could kill their stock :P

Uber said they were going to produce self-driving cars, so technically they are a failed tech company, which is now just a company. I am surprised they didn't get crushed by a competitor that didn't waste their capital on worthless stuff. So much for capitalism working. Uber should have gone bankrupt.

There is just no way that their database is actually technologically novel. Uber just doesn't have the expertise.