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Amazon never burned through multiple billions of dollars a year.
by TheCoelacanth 9y ago
Amazon never burned through multiple billions of dollars a year.
- temp20160423 9y agoIt's pretty naive to make statements like this. Uber came into being when interest rates were near-zero for 5+ years (in comparison, interest rates were 5%+ in the first dot-com bubble). Money was basically free in 2009-2015. Uber likely had extremely favorable terms for its funding rounds. Now that the fed is finally raising rates again, we'll have to see if Uber can become break-even within a few years.