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A comment on WeWork founder will get $1.7B to let SoftBank take over his company. Parent comment

Re:WeWork founder will get $1.7B to let SoftBank take over h... by rapsey on Tuesday October 22, 2019 @12:30PM (#21325590)
Uber and lyft are trainwrecks as well. They IPO’d a business that burns money without any hope for profit. We are just witnessing the slow bursting of the current bubble and people are waking up to basic economics again.
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Re:WeWork founder will get $1.7B to let SoftBank take over h... by doc_gunthrop on Tuesday October 22, 2019 @12:41PM (#21325717)
It seems to me that Uber's endgame goal is to replace drivers with a reliable, matured self-driving technology. If and when that happens, they can purge their massive fleet of drivers thereby eliminating their largest overhead cost.
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Re:WeWork founder will get $1.7B to let SoftBank take over h... by rapsey on Tuesday October 22, 2019 @12:48PM (#21325820)
Unfortunately there is no realistic way their money will stretch that far into the future.
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Re:WeWork founder will get $1.7B to let SoftBank take over h... by sharkmerry on Tuesday October 22, 2019 @01:06PM (#21326061)
and also gain an enormous new overhead cost in having to actually own the cars.
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