Re:The Uber Bubble
by encoderer on Sunday April 17, 2022 @08:40PM
(#31066025)
It’s more than converting depreciation to cash, it’s borrowing against deferred maintenance. It’s the $800 tires and the $500 tie rod that they will need in a year that they aren’t even thinking about today. I guess they will just have to drive a lot that month to cover it.
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