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I don’t have much dog in this fight, but it seems as if Uber’s losses were self-evidently sustainable.
by sokoloff 3y ago
I don’t have much dog in this fight, but it seems as if Uber’s losses were self-evidently sustainable.
- troupo 3y ago> it seems as if Uber’s losses were self-evidently sustainable. With the unlimited free investor money. Same goes for the rest of "amazing starup innovators" of recent years (e.g. YCombinator's startups). The flow of money has now stopped/slowed, and we now see mass layoffs and a wave of bankrupcies. Losing a billion dollars a year for 10 years is not a sustainable business. But somehow it has become the norm in IT.