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I mean we've minted plenty of millionaires by way of the stock market and startups and generally hail those people as geniuses when they're often just lucky. Ub
by bagacrap 4y ago
I mean we've minted plenty of millionaires by way of the stock market and startups and generally hail those people as geniuses when they're often just lucky. Uber is no less of a Ponzi than crypto.
Yes, maybe there is some willful self delusion. Then again, I don't think anyone really understands economics --- well enough to predict the future, anyway. There's no shortage of folks who understand it well enough to "explain" the past.
- 1270018080 4y ago> Uber is no less of a Ponzi than crypto. What?
- charcircuit 4y agoFor some reason people call pump and dumps Ponzis.
- roland35 4y agoUnlike crypto Uber actually generates revenue from sources besides new investors..
- charcircuit 4y agoCryptocurrencies do not generate revenue from investors. They don't generate any revenue. Uber stock doesn't generate revenue either as it's not a profitable company. In the current meta paying dividends is worse that doing stock buybacks so it's unlikely for the stock to ever be a revenue generating asset.
- astrange 4y agoUber isn’t a Ponzi, it’s a transfer of money from SoftBank to Uber drivers and employees. It’s an investor charity, like Amazon.