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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 scarface74 on Wednesday May 06, 2020 @08:31PM (#23098239)
You missed the other part of the equation. No one said that all VC money was dumb. The conversation is about billions of funding going down the drain like in the case of Uber compared to the paltry sum inflation adjusted raised by the tech behemoths before they went public and became profitable.

Beats by Dre raised less than $1 billion in funding.

https://www.crunchbase.com/organization/beats-by-dr-dre

WhatsApp raised less than $70 million.

https://www.crunchbase.com/organization/whatsapp#section-ove...

From looking at Crunchbase, Instagram didn’t raise any outside funding.

None of the companies you listed raised anywhere near what Uber, Lyft and AirBnb raised.

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Re:Uber is laying off 3,700, as rides plummet due to Covid-19 by aeyes on Wednesday May 06, 2020 @09:43PM (#23098732)
That might be because none of these companies are operating in the real world while Uber, Lyft and AirBnB do.
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