Stuff like this is a death spiral. It’s clearly a case of audience and revenues being bought by VC money, and is unsustainable without cash infusions. Yet early

Stuff like this is a death spiral. It’s clearly a case of audience and revenues being bought by VC money, and is unsustainable without cash infusions. Yet early investors were able to sucker mutual funds and retail investors to buy their shitty stock. Another case of VCs winning and the general public losing. At some point we have to hold the mutual funds responsible for perpetuating this BS because they are the enablers for VCs to profit no matter how terrible the stock is. I wonder what this means about ride sharing. I actually believe it’s a game changer and it’s sustainable to profitability but stories like this make me wonder.