[Barrin92]

they also haven't made a single dime in what, 11-ish years? Writing software is fun, but usually companies do it to earn money. If they were building the death star it would be one thing, but they're making a taxi app. The entire company feels like a jobs program for software engineers run by Softbank instead of the government

[xwdv]

Profits have to be invested back into growth. When growth is no longer possible, then you harvest profit.

[Barrin92]

or you turn out to be the next MoviePass because selling a dollar for 75 cents isn't a business. I would not make the mistake and compare everything that grows fast to Amazon or Netflix. The former has logistic centres and half of the servers that run the internet, the latter a ton of content. It's not clear to me what Uber actually owns. They even sold off their self driving unit.

[xwdv]

Don’t get so caught up with what a company “owns”, what matters is what they do. Owning something isn’t a guarantee that it won’t become a worthless asset later.

Also MoviePass was at a good start by selling tickets at a loss, what killed them was that they couldn’t leg into the profit generating phase of their strategy and burnt out.