I personally don't have the data to support or refute the "fake market" claim. I would point out however that it is not enough to be cash-flow positive for indi

I personally don't have the data to support or refute the "fake market" claim. I would point out however that it is not enough to be cash-flow positive for individual transactions. Sure Uber now makes money on every ride, is the business as a whole poised to make money? Will that be stable in light of likely regulations? Like I said, I don't know. I don't think the questions can be dismissed just by assuming that VCs know what they are doing. Edit: I went and looked at GrubHubs 2019 Q4 results [1]. They operated at a $30M loss. Most of the expenses were "operations" related. I'm not sure if that includes engineering, but I guess it doesn't. [1] https://investors.grubhub.com/investors/press-releases/press-release-details/2020/Grubhub-Reports-Fourth-Quarter-And-Full-Year-2019-Results/default.aspx https://investors.grubhub.com/investors/press-releases/press...