Yves here. Uber is serving to demonstrate how long misguided financial backing can keep a fundamentally and hopelessly unprofitable, cash flow negative business going. Another example has been most US shale gas plays, but their money spigot is finally running…
Hubert Horan: Can Uber Ever Deliver? Part Twenty-Five: Didi’s IPO Illustrates Why Uber’s Business Model Was Always Hopeless
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