4 ms·
Market lacks the understanding of most of the new tech. It's been like that for decades. Apple stock is a great example, some of them tried to bankrupt Tesla wi
by _5uxp 4y ago
Market lacks the understanding of most of the new tech. It's been like that for decades. Apple stock is a great example, some of them tried to bankrupt Tesla with shorting and uber (as a bad) and many other new tech IPOs. I think it's all because of many old fund managers with double digit B. or more funds, lack of understanding many details about todays web tech.
- Macha 4y agoUber has basically given up on self driving, is losing money, now has more competitors and is still charging less than its suppliers real costs in most markets. It's really not clear we won't be having the conversation going on about meta today about uber in 5 years. Maybe worse, since meta at least makes a profit