Wasn't that always the point of vc funded big tech apps? Lure in users while burning through enough cash to power a steam locomotive, kill most competition and

Wasn't that always the point of vc funded big tech apps? Lure in users while burning through enough cash to power a steam locomotive, kill most competition and then take their money? At least in India I am seeing alternatives emerge already in the form of indrive, which I have been using a lot more