mhoye on Nostr: This wasn't really Uber's insight, but you have to know some bright spark at the ...
This wasn't really Uber's insight, but you have to know some bright spark at the Saudi Venture Capital Company realized from the very beginning that to a service economy there's no difference between "foreign subsidies artificially undercut the price of steel ingots" and "foreign subsidies artificially undercut the price of cab rides".
"Uber loses money on every ride" isn't "the gig economy" or "VC-subsidized innovation".
It's "dumping, but services."
Published at
2024-08-20 15:29:29Event JSON
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