What Uber Technologies, Inc. told the SEC could break it.

Uber's growth depends in part on entering or expanding in key countries where it is currently limited by local regulations — including Argentina, Germany, Italy, Japan, South Korea and Spain — which it may not successfully accomplish.

“enter or expand operations in some of the key countries in which we are currently limited by local regulations, such as Argentina, Germany, Italy, Japan, South Korea, and Spain”

Competition authorities in large markets including the EU, United States, Brazil and India increasingly scrutinize Uber under antitrust/competition laws — particularly around pricing parity, price-fixing and earnings parity — and complaints alleging antitrust violations have been filed in multiple jurisdictions.

“An increasing number of governments are enforcing competition laws and are doing so with increased scrutiny, including governments in large markets such as the EU, the United States, Brazil, and India, particularly surrounding issues of pricing parity, price-fixing”

Uber requires Drivers to carry auto insurance and in many cases maintains insurance on their behalf, relying on a limited number of ridesharing insurance providers; if they discontinue, raise costs, or stop providing coverage, Uber may be unable to secure replacement coverage on reasonable terms.

“We rely on a limited number of ridesharing insurance providers, and should such providers discontinue or increase the cost of coverage, or cease operations or providing certain types of coverage, we cannot guarantee that we would be able to secure replacement coverage on reasonable terms or at all.”

Uber relies on third-party payment service providers (financial institutions and credit card companies) to collect amounts due from end-users; disruption to these providers would impair its ability to process platform transactions.

“We rely on third parties to provide payment processing services (“payment service providers”) to collect amounts due from end-users.”