Silicon Valley’s business model is a scam

Re:Silicon Valley’s business model is a scam by coredog64 on Tuesday July 18, 2023 @11:01AM (#36773559)

9 years ago I spent a significant amount of time in Dublin and was impressed by how the local taxi drivers integrated with Hailo. The app allowed you to call a cab from an out of the way location, you could see where the cab was, and you pay (and tip) in the app. If Yellow Cab had adopted this 10 years ago, Uber would be a cautionary tale like pets.com.

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Re:Silicon Valley’s business model is a scam by pigeonhole123 on Tuesday July 18, 2023 @11:26AM (#36774020)

I read that Hailo ran out of money trying to expand to NYC. I lived in London when it was big and it seemed to just disappear at some point. Failing like that after becoming dominant in London is simply puzzling to me. Sounds like a license to print money once most of the cabs use it.

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Re:Silicon Valley’s business model is a scam by disgruntledphd2 on Tuesday July 18, 2023 @01:14PM (#36775929)

Yup, and they had a franchise model so just did the tech. But Uber drove them out of business by setting VC money on fire.

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