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Without knowing any inside info, my impression is there are large fixed costs entering a market. Once the double sided market is built there is a large cash fl
by mathattack 10y ago
Without knowing any inside info, my impression is there are large fixed costs entering a market. Once the double sided market is built there is a large cash flow, but it takes effort in each new city.
Additionally if they are doing R and D beyond this (autonomous cars, universal delivery service, whatever) then they need lots of cash.