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by boh 1189 days ago
I'm sure we'll see plenty of "gross profit" in their non-GAAP financial statements. I guess it doesn't take much to have people defend companies they know so little about in industries they have no experience in. Marketing really works I guess. Btw the Revel NY ridesharing isn't going so well:

https://www.wsj.com/articles/new-york-city-commission-thwart...

1 comments

> sure we'll see plenty of "gross profit" in their non-GAAP financial statements

You claimed the “moment that [ridesharing companies] have to start treating drivers like employee's they can't make money.” I showed a counterfactual. You’re doubling down with hunches and suppositions.

> Revel NY ridesharing isn't going so well

You’re citing an article from 2021 on the TLC blocking Revel’s application for more vehicles [1]. (It was since approved.) How is the government telling a company to stop growing an indictment of their business model?

[1] https://www.wsj.com/articles/new-york-city-commission-thwart...