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A comment on End of the line for Uber?. Parent comment
In efficient market ANY business must be a shit business. If you have high profits -- competitors should squeeze into your profits.
Same logic works for other low-margin businesses, e.g. restaurants, they just saturated their supply.
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In efficient market ANY business must be a shit business. If you have high profits -- competitors should squeeze into your profits.
Same logic works for other low-margin businesses, e.g. restaurants, they just saturated their supply.