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They weren't profitable during a unique time period in human history where people were locked in their homes for months and mostly could only get restaurant foo
by Larrikin 4y ago
They weren't profitable during a unique time period in human history where people were locked in their homes for months and mostly could only get restaurant food through delivery.
The valuation seems completely arbitrary, almost fake, when you take that into account.
- hahaxdxd123 4y agoAll the insiders - founders, employees, early VCs - won. So did consumers who were subsidized for a long time. Who cares about the rest? If public investors were stupid enough to purchase at a 100B valuation, who cares?
- Larrikin 4y agoThe care comes from hoping fake companies fail fast and hard so they can be replaced by companies that can be profitable long term and provide long term value to society.