News for hackers. Stuff that matters.

A comment on The Drivers Cooperative. Parent comment

Re:The Drivers Cooperative by n4r9 on Friday March 26, 2021 @08:36AM (#26591331)
I subscribe to an email newsletter called BIG by Matt Stoller. It's all about US monopolies and he's very interested in exactly what you describe. His response is that both ride-hailing and delivery apps are taking a gamble on establishing a monopoly in several years time, at which point the profits will pay off the current losses.
[ Parent | on HN ]
Re:The Drivers Cooperative by andrepd on Friday March 26, 2021 @08:44AM (#26591414)
This is evident. We're at such a crazy level of capitalism/neoliberalism that it's a regular occurrence to see large businesses operating at a loss for 5 or 10 years.
[ Parent | on HN ]
Re:The Drivers Cooperative by twelvechairs on Friday March 26, 2021 @09:03AM (#26591616)
Being able to run at a major loss for 5-10 years is great for 'hard tech'. For a simple phone app though its a different story.
[ Parent | on HN ]