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I knew UberEats/DoorDash were losing money at an astronomical rate (~1.3 billion in 2022) but I didn't realize that was nothing compared to what Uber is losing
by Night_Thastus 3y ago
I knew UberEats/DoorDash were losing money at an astronomical rate (~1.3 billion in 2022) but I didn't realize that was nothing compared to what Uber is losing (9.1 billion).
Man, the people backing all of these companies are going to have one cold wake-up when this finally collapses.
It feels like a pump-and-dump, reminiscent of crypto. Endless hype to try to convince others to invest, only to get out as soon as possible.