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0 pointstroupo2y ago0 comments

> If they are not sustainable they will go bankrupt.

They would if not for the infinite subsidies

> Are you saying all those investors are dumb and just burning money for the fun of it?!

For example, Uber has not been profitable for a single year in its 10 years of existence.

Same goes for most if YCombinator's "top companies".

In which other industry can you lose money (often billions of dollars a year) and still be in business and claim you're successful.

0 comments

> infinite subsidies

There is no such thing. Private money is finite, it ends up eventually as investors want ROIs.

> Uber has not been profitable

Actually, they announced their first profitable quarter in 2023.

> In which other industry can you lose money (often billions of dollars a year) and still be in business and claim you're successful.

Well in the Government business, of course! Deficits around the world keep increasing and governments borrow trillions they never pay back.