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There’s nothing particularly surprising here. This is capitalism. Pretty much every company operates like this. That doesn’t make every company the same. Goldm
by jmyeet 4y ago
There’s nothing particularly surprising here. This is capitalism. Pretty much every company operates like this.
That doesn’t make every company the same. Goldman Sachs literally killed people for profit. Defense companies made up for their revenue loss from the end of the Afghanistan war by earning almost that same amount in military aid to Ukraine (seriously, our ~$50B in both cases).
Those aren’t tech companies FWIW. Even there there’sa error spectrum. AirBnB is cancer, for example.
But at last Uber killed the taxi industry, which was almost universally awful, corrupt and horrible to use. Seriously, good riddance.
It’ll be interesting to see what happens when Uber, Lyft, etc have to operate as commercial enterprises rather than VC money incinerators. This business isn’t going away.