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Re-read your text again: Uber lost almost 30 billion dollars over 5 years, and literally no one batted an eye. Uber has been around for 10 years. It'll be arou
by dmitriid 5y ago
Re-read your text again: Uber lost almost 30 billion dollars over 5 years, and literally no one batted an eye.
Uber has been around for 10 years. It'll be around for ten more. It does have unlimited money (as does every other "unicorn" in the US). Because that's Uber's modus operandi: dump prices until all competitors that don't have infinite money die off.
- deleted 5y ago[deleted]
- ascagnel_ 5y ago> Because that's Uber's modus operandi: dump prices until all competitors that don't have infinite money die off. What happens after that? The minute they raise prices, they invite an antitrust lawsuit for the low prices. If they don’t raise prices, they continue to be a money sink.
- dmitriid 5y ago> What happens after that? That's a good question. I don't think anyone knows, even at Uber