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With that strategy, Uber might run out of cash before the competition is crushed.
by JMTQp8lwXL 7y ago
With that strategy, Uber might run out of cash before the competition is crushed.
- rhizome 7y agoThey are way into debt financing and have a $25B bottom line, this is a "when you owe the bank a million dollars..." situation now, nobody involved is going to let it run out of money and throw the whole house of cards away.
- JMTQp8lwXL 7y agoCorrect me if I'm wrong, but that sounds like sunk cost fallacy.
- rhizome 7y agoI'm not surprised.
- speedplane 7y ago> Uber might run out of cash before the competition is crushed. True, but time scales matter. Given their current position, it might take 20 years for that to happen. By then, who knows where they or the market will be.