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I think it was ultimately an exercise to see if people are lazy enough to pay for convenience and brand. It almost worked for them which says a lot about the st
by bitL 7y ago
I think it was ultimately an exercise to see if people are lazy enough to pay for convenience and brand. It almost worked for them which says a lot about the state of society. One could argue Uber's business model is not that different either...
- empath75 7y agoIt wasn’t even close to working as a business. They lost a fortune and had no path to profitability. It almost worked as a way of extracting dumb money from retail investors.
- lotsofpulp 7y agoHow did it almost work at extracting dumb money from retail investors? It didn’t even get close to an IPO. They paid a bunch of banks to have some meetings, but as soon as the numbers were disclosed, no one seems to have been fooled.