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Exactly! How Uber is a $50bn business is beyond me - they have never made a profit - they’re unlikely to ever make a profit unlikely to ever reduce costs enou
by youngtaff 4y ago
Exactly!
How Uber is a $50bn business is beyond me
- they have never made a profit
- they’re unlikely to ever make a profit unlikely to ever reduce costs enough - they need to reduce expensive headcount rather than squeeze drivers and restaurants
- the early money sole out at a profit while passing their losses onto new punters via IPO