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I subscribe to an email newsletter called BIG by Matt Stoller. It's all about US monopolies and he's very interested in exactly what you describe. His response
by n4r9 6y ago
I subscribe to an email newsletter called BIG by Matt Stoller. It's all about US monopolies and he's very interested in exactly what you describe. His response is that both ride-hailing and delivery apps are taking a gamble on establishing a monopoly in several years time, at which point the profits will pay off the current losses.
- andrepd 6y agoThis is evident. We're at such a crazy level of capitalism/neoliberalism that it's a regular occurrence to see large businesses operating at a loss for 5 or 10 years.
- twelvechairs 6y agoBeing able to run at a major loss for 5-10 years is great for 'hard tech'. For a simple phone app though its a different story.