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.
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...