Re:Uber's Still Not Profitable
by potamic on Sunday August 07, 2022 @06:15AM
(#32375309)
I wonder if part of the root cause is allowing non profitable companies to list publicly. For early investors, listing is the end game and not having profitability as a goal means investors are more incentivized to grow hype than in sustaining the business.
[ Parent
| on HN ]
I don't think there is anything wrong with unprofitable companies getting to list. Problem is the investors. That there are enough people both private and institutional that even consider buying an company that has and does not generate profit. And even more so does not seem viable route to such.
Maybe fund managers should not be allowed to invest in such companies. At least outside qualified investors.