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this post was submitted on 29 Jan 2024
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Technology
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I don't know if you noticed this but some really big companies with high stock valuations are only existing because investors poured tons of capital into them to subsidize the service.
Uber could not do taxis cheaper than existing if they didn't have years of free cash to artificially lower prices.
We are in the beginning of late state capitalism, profitable companies go under due to private capital firms and absolute ponzi frauds get their faces on time magazine.
Enjoy the collapse.
Exactly, they PAID MONEY to make it work. No they don't make the money back and depend on outside capital, but they are still paying their employees (not enough) and suppliers, etc.
Yes, we are in late stage capitalism where the market eats itself.
Why do you think we have seen so much large scale fraud in the last 15 years?