[hef19898]

Difference is, Amazon did so while remaining profotable and, more importantly, cash flow positive. Operation free cash flow, a detail Uber at al forgot when they tried toncopy the Amazon model.

[lazide]

Notably, I don’t think they forgot.

It was an attempt at market dumping using investor cash in order to capture the market.

And it kinda worked. Taxi companies took a serious hit.

Now we’re seeing more realistic market prices, and investors are getting hit hard. Because they didn’t succeed at getting the monopoly they wanted.

That’s the larger picture, IMO.