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by troupo
966 days ago
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> If they are not sustainable they will go bankrupt. 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. |
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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.