That makes it basically a Ponzi scheme.

Every bezzle ends. Uber’s days are, therefore, numbered. But Uber is a bezzle, and so long as new suckers can be found to buy up the company’s stock, its existing investors can cash out and run for the hills in advance of the collapse. Uber management devotes substantial energy to polishing turds, bringing a deceptive gleam to each q…
Uber’s still not profitable
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Cory Doctorow
Ralph Panhuyzen
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Aug 6, 2022
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That makes it basically a Ponzi scheme. Btw, I put your excellent article on Twitter. Something is going on for sure. https://t.co/7BQoqGxtjM
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Written by Ralph Panhuyzen244 Followers
·60 Following
Dutchman identifying how high-tech bypasses common sense to sell us a solution that often misses the point what true progress is all about
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