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A comment on Uber is laying off 3,700, as rides plummet due to Covid-19. Parent comment

Re:Uber is laying off 3,700, as rides plummet due to Covid-19 by AlexandrB on Wednesday May 06, 2020 @04:04PM (#23095644)
> It's obvious there is value, otherwise these companies wouldn't exist, no matter how much VC money is pumped in.

Would you say this about WeWork a year ago? VC-style central planning has had a great distorting effect on the supply/demand information function of the market.

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Re:Uber is laying off 3,700, as rides plummet due to Covid-19 by ghaff on Wednesday May 06, 2020 @04:24PM (#23095846)
Oh I think there was some value in WeWork. OfficeSpace-as-a-Service that was hipper than Regus and offered consistency across many cities. But obviously far less value than the money being pumped into WeWork would suggest.
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Re:Uber is laying off 3,700, as rides plummet due to Covid-19 by ypzhang2 on Wednesday May 06, 2020 @04:20PM (#23095802)
Yes there is value in the product, its like fancy Regus, which is a real business. Its not worth what it was worth.
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