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by gjdjcjdnxnvjd 3580 days ago
But honestly, why should we care about PG's brand of web startups? Yes, we're told that they're desireable for vague, inscrutable reasons, but if you dig any deeper than that you'll find that they're at best performing market arbitrage based on better information, and at worst destroying value.

Look at Uber. They're hemorrhaging money all so that they can artificially lower wages and run their competitors out of business before ultimately going belly-up from their unsustainable business model. And they're considered a success story.