News for hackers. Stuff that matters.

A comment on Rideshare operations are being suspended in California. Parent comment

Re:Rideshare operations are being suspended in California by the-dude on Thursday August 20, 2020 @04:37PM (#24228631)
> A small number of people might make a lot of money, funded by the losses of most of the rest

Sounds like Uber to me.

[ Parent | on HN ]
Re:Rideshare operations are being suspended in California by ericsoderstrom on Thursday August 20, 2020 @04:56PM (#24228857)
Not sure what you mean. Are you saying later round investors in Uber are funding profits for early round investors? I could see some tech investment structures as possibly resembling MLM due to winner-take-all effects and outsized profits going to the earliest investors. Though this isn't a property specific to Uber
[ Parent | on HN ]