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They charge less than their product costs. They have no other product to subsides this. There is no plan that will lead them to profitability. They are a zom
by Marazan 10y ago
They charge less than their product costs. They have no other product to subsides this. There is no plan that will lead them to profitability.
They are a zombie firm, existent purely due to the infusions of external, non-business activity derived cash.
- icebraining 10y agoSo Italy is saving Uber from itself? Stop the capitalism welfare! Let Uber burn itself to the ground!
- Marazan 10y agoAlas, due to the chronic miss allocation of capital Uber's bonfire of VC money will take down lots of productive businesses and sole traders (existing minicab operators and taxi firms) before it goes.
- ux-app 10y ago> Let Uber burn itself to the ground! They may cause great havoc on their way down. Some jurisdictions are anticipating this and banning Uber preemptively. This is rational. Let Uber prove that it's viable on someone else's turf. If it does so, then great, the laws can be changed and Uber can be admitted into the market later. If it turns out to be a total disaster then these jurisdictions have saved themselves a lot of trouble.