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by pjc50 2607 days ago
The market valuation of unicorns also assumes there can be only one "world champion" in each market, with high margins. In the medium term either one of Uber or Lyft has to win or investors have to accept big writedowns.

(Doctors are different, they're not scalable and can only treat whoever's in front of them)

1 comments

Or one could acquire the other.