Put it all together and you get a picture of the kind of taxi company Uber really is: one that charges more than traditional cabs, pays riders less, and has fewer cars on the road at times of peak demand, especially in the neighborhoods that traditional taxis had always underserved. In other words, Uber has broken every one of its promises.

We replaced the "evil taxi cartel" with an "evil taxi monopolist." And it's still losing money.

24/