Re: Uber and Lyft have yet to show a cent of profit, right?
the venture capitalist mob who are underwriting these outfits to the tune of billions have left themselves with little option but to continue the money flow. If they don't, then it folds and the lose everything
That's the sunk cost fallacy! But actually, the VC mob got its money back when Uber went public. Now it's private investors who would be left holding the bag.
Biting the hand that feeds IT
