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This is only going to fuel (accelerate) the tech bubble helping already bloated unicorns burn more cash. Masayoshi is unquestionably a smart guy, but he's maki
by nelsonic 8y ago
This is only going to fuel (accelerate) the tech bubble helping already bloated unicorns burn more cash.
Masayoshi is unquestionably a smart guy, but he's making some pretty big bets on an uncertain future.
Uber has raised $22.2B so far and made a $891M Net Loss in its second quarter ending June 30. It's difficult for a mere mortal to see how Uber will ever be profitable considering the cumulative losses.
- deleted 8y ago[deleted]
- loceng 8y agoMy only hope and concern is whether these companies produce actual technology and benefit for society, or if their plan is to dump all of the risk at an unreasonable valuation onto the public markets to make their returns. Uber is an example, where yes, they along with others highlighted a market exists - and helping disrupt the status quo (shifting less efficient, more expensive systems, with modernized and potentially less expensive) - however they're not dealing with the indirect costs associated with less expense in this case, such as are drivers earning enough now to survive in the current structure of the economy - and what happens to drivers, as well as other workers, once we get closer to fullest autonomy possible?