3 ms·
Hearing they're profitable is a great sign. Its great both because (1) i've recently heard a lot of people complain about price increases, so it's worrying to
by vineyardmike 5y ago
Hearing they're profitable is a great sign.
Its great both because
(1) i've recently heard a lot of people complain about price increases, so it's worrying to think a service many people using would need to be a lot more expensive
(2) it validates a lot of the business models for start ups to get big to find profits, and validates that losing money - even lots - can lead to profits and hopefully sustainability.
- jer0me 5y agoThey’re not even close to being profitable
- vineyardmike 5y agoUh, isn't the whole point of this news that they are, in fact, close to being profitable?
- bagacrap 5y agodoesn't really seem like a healthy/fair market if the winner is picked by incumbent capitalists also you forgot a key part of the equation, which was to ignore pesky regulatory requirements I would hope startups aren't encouraged to follow this model but I hear "Uber for X" way too often so I know it already doesn't matter if Uber ever makes (non-VC) money, as the pyramid scheme is already seen as a wild success.