And that's not all. Uber apparently sunk some $600 million into its domestic leasing program, opening it to 24 markets. Recently, the company came under fire for leasing unsafe vehicles to drivers in Singapore.

As WSJ describes, this part of Uber's business seems like it was doomed from the start. Sources say that the lease costs were more than a driver would pay a typical dealer, which in turn pushed drivers to take more fares. More fares meant more wear and tear on a vehicle, which resulted in lower resale values of said cars.

On top of that, dealers outside of Uber's own shops were often pushing drivers into more expensive vehicles and perpetuating the vicious cycle. WSJ has even more details so make sure to check out the link below. But rest assured, if you had August 8th in your "Uber is gonna turn itself around" betting pool, today is not your day.