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liked kara swisher's point on cnbc, that so much wealth + influence has bought into uber that it is truly too big to fail. too many wealthy investors and deep
by hans 9y ago
liked kara swisher's point on cnbc, that so much wealth + influence has bought into uber that it is truly too big to fail. too many wealthy investors and deep SV network will ensure that it not melt down (unlike ?).
- acchow 9y agoThis makes no sense. Enormous enterprises with tons of buy-in that failed: - Bernard Madoff Investment Securities (yes, of Bernie Madoff fame) - Enron - Bear Stearns - Lehman Brothers Too big to fail means the government will step in to prevent a failure. Only the government has the backing of the entire economy.
- hans 9y agoclearly this was not a literal statement ..] but the elbow grease of the powerful will go a long way for the corp.