Re:Why I don't believe in Uber's Success
by EpicEng on Thursday January 19, 2017 @02:29PM
(#13438727)
OK... Using that approach I would assume that software has also lost money over the entirety of its existence. Perhaps not completely "untrue", but a silly way of looking at it and not what anyone would assume you were talking about.
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Re:Why I don't believe in Uber's Success
by CoffeeDregs on Thursday January 19, 2017 @02:43PM
(#13438844)
Why would you assume that software-as-a-whole has lost money? The industry is full of un-subsidized, non-cyclical, high profit companies... Microsoft, Apple, Google, Oracle, Autodesk, IBM, EMC, CA Technologies, Saleforce.com, etc.
Not sure why it's a silly way of looking at an industry's long term performance. It shows that, while occasional profits are made, the industry is prone to brutal, un-differentiated price competition...
So you're saying you believe the Delta CEO when he says "Industry May Never Again Lose Money"? [1] Considering the above, I'd be skeptical they're experiencing more than temporary, cyclical profitability.
[1] https://skift.com/2016/06/14/american-airlines-ceo-says-indu...
Re:Why I don't believe in Uber's Success
by EpicEng on Thursday January 19, 2017 @06:48PM
(#13440535)
How much VC money has been pumped into failed business?
It's all rather irrelevant. I don't know if software has actually been a net loss, but I know that looking at failed airlines and extrapolating out to the successful ones is silly.