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A comment on Uber, after buying Postmates, lays off more than 180 employees. Parent comment

Re:Uber, after buying Postmates, lays off more than 180 empl... by Barrin92 on Sunday January 24, 2021 @01:24AM (#25889815)
or you turn out to be the next MoviePass because selling a dollar for 75 cents isn't a business. I would not make the mistake and compare everything that grows fast to Amazon or Netflix. The former has logistic centres and half of the servers that run the internet, the latter a ton of content. It's not clear to me what Uber actually owns. They even sold off their self driving unit.
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Re:Uber, after buying Postmates, lays off more than 180 empl... by xwdv on Sunday January 24, 2021 @11:15AM (#25893151)
Don’t get so caught up with what a company “owns”, what matters is what they do. Owning something isn’t a guarantee that it won’t become a worthless asset later.

Also MoviePass was at a good start by selling tickets at a loss, what killed them was that they couldn’t leg into the profit generating phase of their strategy and burnt out.

[ Parent | on HN ]