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> It's fascinating to watch how a company without any high margin business, insane losses and zero assets to their name balloons to a 80 billion evaluation, all
by ralfd 7y ago
> It's fascinating to watch how a company without any high margin business, insane losses and zero assets to their name balloons to a 80 billion evaluation, all on the promise of some vague future business model that does not exist at all. It's genuinely mad.
That is the exact description of Amazon in the 90s though.
- kgwgk 7y agoNot in the same scale. Amazon had accumulated $0.9bn in losses by the end of 1999. Uber lost that much last quarter alone.