Ilya Sutskever's SSI Inc raises $1B

Re:Ilya Sutskever's SSI Inc raises $1B by steveBK123 on Wednesday September 04, 2024 @08:54PM (#41452422)

I guess the questions then are - why is it 2x the competing price, why do you willing pay 2x, and how many people are willing to pay that 2x?

Consider they are competing against the Lyft/Uber asset-light model of relying on "contractors" who in many cases are incapable of doing the math to realize they are working for minimum wage...

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Re:Ilya Sutskever's SSI Inc raises $1B by damanoman on Wednesday September 04, 2024 @09:45PM (#41452715)

All those businesses are predatory. It’s so crazy.

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Re:Ilya Sutskever's SSI Inc raises $1B by steveBK123 on Thursday September 05, 2024 @08:05AM (#41455784)

I used to call it the re-intermediation economy.

Taking a cut of existing businesses/models (taxi, delivery, b&b, etc).

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