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I don't get the acrimony. Nobody is being fraudulent here. Everyone knows Uber is burning cash and is highly unprofitable. If that appeals to you, go ahead a

I don't get the acrimony. Nobody is being fraudulent here. Everyone knows Uber is burning cash and is highly unprofitable. If that appeals to you, go ahead and invest, if not, don't. Sure, I'm not shedding a tear for Softbank. But I'm also not pissed at them for... subsidizing my Uber rides using Saudi wealth for the past few years.

Analemma_ 7y ago
That's not quite true. There is very strong social pressure in the startup scene to never question the hype machine. Remember when the Wall Street Journal first broke the news that Theranos was a scam, how VC Twitter condemned it as media jealousy and got TechCrunch to write hagiographies of Elizabeth Holmes? And then there was David Palmer pointing out what went wrong with AltSchool and everyone in VC rushing to jump down his throat [0]. This all reeks of people with shaky investments trying to contain and destroy bad news so they can dump the bag on the public. [0]: https://www.nytimes.com/2019/09/10/style/oh-behave.html https://www.nytimes.com/2019/09/10/style/oh-behave.html