How this Ends - Hackdot

Re:How this Ends by nerdponx on Thursday February 18, 2021 @10:21AM (#26180794)

Companies like Uber "burning" money is a wealth transfer from Uber investors to Uber customers, employees, and vendors, creating tremendous value where there was once none (labor exploitation notwithstanding).

Is it sustainable? No. But I disagree that it represents waste from anyone's perspective but the shareholders'.

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Re:How this Ends by stelcodes on Thursday February 18, 2021 @01:36PM (#26183686)

More like a wealth transfer to AWS, corporate lawyers, and software engineers. Poor people are not becoming enriched by Uber

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Re:How this Ends by nerdponx on Thursday February 18, 2021 @08:00PM (#26188112)

True.

The value creation I had in mind was with respect to the people who were previously very badly underserved by the traditional taxi/black-car industry, and are now served by Uber.

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Re:How this Ends by nradov on Thursday February 18, 2021 @03:19PM (#26184922)

Ultimately much of the wealth is transferred to landlords in areas where Uber has facilities and employees.

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Re:How this Ends by tppiotrowski on Thursday February 18, 2021 @12:25PM (#26182697)

I think there are economic losers like taxi cab companies so it’s not a clear wealth transfer for most people.

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