The ride-hailing company Uber is everywhere: it has rapidly become one of the most ubiquitous corporate entities in the United States. But beneath all of its bluster, Uber has a big secret: there’s no profit, no gains in efficiency or effectiveness, and, above all, no innovation. Simply put, Uber is one of the biggest scams in American economic history. And it’s not just scamming its investors (although it definitely is): it’s scamming you – its users – and, most of all, it’s scamming its drivers. While they get rich, you get ripped off. Edward Ongweso, Jr., technology reporter at VICE News, explains.

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0:00 Is Uber Efficient?
1:55 Uber's Master Plan
3:19 Who's Getting Scammed Worse?
6:22 Uber's Lies
7:36 Credits

ERRATA: at 2:55, it should read "foreseeable."

Additional Crew:
Production Designer: Gabriella Moses
Key PA: Molly Pelavin