In 2020 Uber CEO Dara Khosrowshahi floated the possibility of temporarily suspending services in California if Uber was forced to make its drivers eligible for minimum wage, union membership, and health care benefits. The company spent $190 million to get a ballot measure passed that allowed it to continue exploiting its workers, and it is spending millions more in Illinois, Massachusetts, New York, and other states that have considered this labor reform.
Unlike the U.S., Uber isn't having the same political success in Europe, but that doesn't appear to bother Khosrowshahi.

“We can make any model work,” Khosrowshahi said when asked about potential EU legislation that would require Uber to designate drivers as employees or provide additional rights such as vacation time and a pension.

Speaking by video at a December 14 “fireside chat” hosted by the Swiss bank UBS, Khosrowshahi told investors that recent decisions in Spain and the United Kingdom have not drastically harmed the company. In the past year, both countries have enacted rules compelling gig companies to provide more worker protections to drivers.

After winning the election battle in California, Uber then immediately went on the attack against its own drivers.

“While fares have skyrocketed in this market, the drivers’ pay has not been raised at all.”

Eaton said several recent changes have driven down pay for drivers, including an increased cancellation waiting time, a reduction in minimum pay for long distance trips.
Also, with significantly increased fares, Eaton said there have been no raises to compensate for increased costs of living in his area or rising gas prices.

Uber likes to say that it only take 25% of a driver's fare, but in reality it's closer to 50% since Prop 22 took effect. Uber changed it's app so that drivers can't see what the passengers pay.

the percentage Uber and Lyft take from fares and distribute to drivers for compensation has reduced over the years from around 60% to 75% to a fraction of the fare in many cases. Some Uber drivers have reported even being charged for providing passengers with rides

Uber directly exploits it's workers, and carves out exception in the law, so you would think that Uber is making lots of money, amirite?
Instead Uber continues to be a money pit for wealthy investors.

Uber lost $672 million in 2014. At this time Uber was said it be worth $40 Billion.
Uber lost $2 Billion in 2015.
Uber lost $2.8 Billion in 2016, while claiming the company was worth $68 billion.
Uber lost $4.5 billion in 2017.
Uber "only" lost $1.8 billion in 2018.
So were they finally turning it around?

"The trend is good," says Bradley Tusk, a political consultant and investor in Uber. "Revenue up. Losses down, even though they keep investing heavily around the world."

Instead Uber lost a staggering $8.51 billion in 2019.
Uber lost another $6.77 billion in 2020.
As for 2021, the final numbers aren't in yet, but we do know that Uber lost $108 million in Q1, $509 million in Q2, but made a minuscule $8 million in profit in Q3.

That's $27.661 BILLION in losses since 2014.
That's far larger than the GDP of Iceland.