Re:Reasons not to use Uber
by amykyta on Saturday November 12, 2016 @03:48PM
(#12940098)
>> Losing crazy amounts of VC cash to compete against traditional companies that must be cashflow positive.
> So borrowing money from investors to compete with somebody is now a despicable thing, maybe even a crime?
That's considered economic dumping and is likely a net negative in the end. They ruin the competition by operating at a loss and then collect rent when they are the only ones left.
> So borrowing money from investors to compete with somebody is now a despicable thing, maybe even a crime?
That's considered economic dumping and is likely a net negative in the end. They ruin the competition by operating at a loss and then collect rent when they are the only ones left.