They would if not for the infinite subsidies
> Are you saying all those investors are dumb and just burning money for the fun of it?!
For example, Uber has not been profitable for a single year in its 10 years of existence.
Same goes for most if YCombinator's "top companies".
In which other industry can you lose money (often billions of dollars a year) and still be in business and claim you're successful.
There is no such thing. Private money is finite, it ends up eventually as investors want ROIs.
> Uber has not been profitable
Actually, they announced their first profitable quarter in 2023.
> In which other industry can you lose money (often billions of dollars a year) and still be in business and claim you're successful.
Well in the Government business, of course! Deficits around the world keep increasing and governments borrow trillions they never pay back.
They would if not for the infinite subsidies
> Are you saying all those investors are dumb and just burning money for the fun of it?!
For example, Uber has not been profitable for a single year in its 10 years of existence.
Same goes for most if YCombinator's "top companies".
In which other industry can you lose money (often billions of dollars a year) and still be in business and claim you're successful.