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by freyir
2627 days ago
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It’s not that Uber can’t be self-sustaining. The problem is that’s not enough to justify their insane valuation. They titillated investors with tales about autonomous vehicles leading to skyrocketing profits. But now the hype over autonomous vehicles has faded, and it seems unlikely that fully autonomous cars will be mainstream any time soon. $100B+ for unprofitable ride shares and lukewarm burrito delivery? If you say so. |
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