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by hans 3356 days ago
liked kara swisher's point on cnbc, that so much wealth + influence has bought into uber that it is truly too big to fail. too many wealthy investors and deep SV network will ensure that it not melt down (unlike ?).
1 comments

This makes no sense.

Enormous enterprises with tons of buy-in that failed:

- Bernard Madoff Investment Securities (yes, of Bernie Madoff fame)

- Enron

- Bear Stearns

- Lehman Brothers

Too big to fail means the government will step in to prevent a failure. Only the government has the backing of the entire economy.

clearly this was not a literal statement ..] but the elbow grease of the powerful will go a long way for the corp.