The last time we forgot the axiom “cash flow is king” with respect to tech companies led us to the 2001 crash #justsaying #historyrepeats
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Also shows a certain naivete about the forces at work (cough mafia cough) in cities' decisions about taxis.
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Am I wrong, or did
@fmanjoo used to be sort of smart before he lately has gone completely off the rails?
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i'm old enough to remember i could make $90K driving Uber, ferrying drunks home from bars
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the iphone and gig economy generate so many task rabbits but not one profitable new biz on the web, you lose your way to a monopoly, the amazon playbook
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Journalists are such fucking morons.
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Why couldn’t a system that does this be created? There are many legacy systems operating well past their sunset date. Some just need reform.
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Are subsidizing losses in the name of growth/land-grab leading us to the land of make believe of low cost ride sharing? Shouldn’t market forces (such as wages, and supply/demand pricing) determine if there is a long term sustainable business model here?
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I should clarify my position in that I firmly don’t believe Uber employs drivers. They established a marketplace (which is an impossible feat). The subsidizing I’m referring to has more to do with the 2B loss statement and the question - are rides not priced realistically?
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