>The current “.com” implosion is broadly being marked by companies that do have “revenue” but only by using VC cash to create “fake markets.” The taxi market i

>The current “.com” implosion is broadly being marked by companies that do have “revenue” but only by using VC cash to create “fake markets.” The taxi market isn't fake. The food delivery market isn't fake. People paid for these things before Uber, Lyft, Doordash et Al The problem is that investors see the possibility of a monopoly or duopoly forming. That means they're willing to throw stupid amounts of money at these companies in the hopes ending up on top.