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A comment on Uber opens at $42 per share. Parent comment

Re:Uber opens at $42 per share by mattmanser on Saturday May 11, 2019 @03:06AM (#19884995)
Markets, it's acquiring markets. I'm no Uber fan, but come on, they're moving into more and more cities world-wide, often without competition save the local taxi firms.
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Re:Uber opens at $42 per share by TazeTSchnitzel on Saturday May 11, 2019 @04:37AM (#19885237)
It's achieving temporary local marketshare subsidised by massive losses. The moment Uber charges prices it can actually profit from, its “markets” will vanish.
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Re:Uber opens at $42 per share by matt4077 on Saturday May 11, 2019 @04:28AM (#19885208)
Except it's not acquiring them so much as renting them, paying each month for the privilege to hold on to the marketshare necessary to also lose money in the next month.
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Re:Uber opens at $42 per share by discreteevent on Saturday May 11, 2019 @06:19AM (#19885484)
Amazon buys a warehouse and then shortly after turns a profit on it which they use to buy another warehouse. Uber buys users and then shortly after borrows more money to buy other users.
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