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Re:Uber opens at $42 per share by JMTQp8lwXL on Friday May 10, 2019 @08:16PM (#19883513)
With that strategy, Uber might run out of cash before the competition is crushed.
Re:Uber opens at $42 per share by rhizome on Friday May 10, 2019 @11:27PM (#19884363)
They are way into debt financing and have a $25B bottom line, this is a "when you owe the bank a million dollars..." situation now, nobody involved is going to let it run out of money and throw the whole house of cards away.
Re:Uber opens at $42 per share by JMTQp8lwXL on Saturday May 11, 2019 @04:06AM (#19885145)
Correct me if I'm wrong, but that sounds like sunk cost fallacy.
Re:Uber opens at $42 per share by rhizome on Saturday May 11, 2019 @02:38PM (#19887659)
I'm not surprised.
Re:Uber opens at $42 per share by speedplane on Saturday May 11, 2019 @01:30AM (#19884727)
> Uber might run out of cash before the competition is crushed.

True, but time scales matter. Given their current position, it might take 20 years for that to happen. By then, who knows where they or the market will be.