Okay, let's consider Twitter. So what's this nonsense about having companies run on "break-even" or at a loss for 10 years or more? Especially when these busine

Okay, let's consider Twitter. So what's this nonsense about having companies run on "break-even" or at a loss for 10 years or more? Especially when these businesses are worth tens of billions of dollars. It doesn't make any sense. In the past, such businesses wouldn't even exist. They would've died by their third or fourth year. Same with Uber, and I think a few other companies (like MoviePass) we've seen recently that basically live off investors' money, price competition out of the market with that money (price dumping, potentially), and then get to have a monopoly on the market. How is any of that "desirable" to have in a market, and something we should strive to enable? And if investors can afford to lose billions of dollars a year in an effort to obtain monopoly power, maybe paying an extra 3% isn't so bad. And before we cry about these multi-billion dollar companies having to be forced to pay 3% tax on revenue, remember that in some countries in Europe even brand-new startups have to pay 3% revenue tax, and it's actually not so bad. It's obviously not ideal from a startup perspective, but it's not a complete show-stopper either. If it's not the end of the world for startups, then I don't think it is for companies worth tens of billions of dollars either. If it is, then maybe they're doing something wrong.