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by fooker
5 days ago
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It's not the exact same bet, but it rhymes. It worked out for Uber, they are wildly profitable now after spending a decade losing money. Also worked out as Amazon managed to outlast all the dotcom era e-commerce competitors while being unprofitable. |
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Uber have a 10% margin, which is definitely not what I'd consider wildly profitable. (Their post tax numbers look better, because of accumulated losses).