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A comment on The Abundance of Silicon Valley. Parent comment

Re:The Abundance of Silicon Valley by arcticbull on Friday October 16, 2020 @03:10PM (#24803993)
Or Uber: A failed Randian play to use VC money to squelch out every independent taxi company in the United States and the world by subsidizing rides to well below their cost. To the tune of $1B per quarter. I suspect they thought they could drive them all out of business and then take over and raise prices. Unlike their patchwork of independent competitors, Uber didn't have to cover the cost of a ride from fares.

I guess now they deliver lunch so that's pretty cool.

I for one look forward to the movie.

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Re:The Abundance of Silicon Valley by Gibbon1 on Saturday October 17, 2020 @02:39PM (#24812120)
If it was a physical product it would be considered dumping and be illegal.

Not to mention Uber and Lift don't pay for the roads their businesses depend on. And then Uber and Lift have dramatically increased congestion in a lot of cities. Which negatively impacts people that live in those cities. Finally both Uber and Lift are applying political pressure to eliminate mass transit.

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