It does ratrher sound like Yet Another Disrupter that is going to burn through $billions in VC, subsidising operations until they kill any traditional competition and maybe in 10 years they might IPO before going bust.
What happened to looking at a service or product and finding a useful niche and hopefully making a decent living out of it? It seems every New Thing has to be world beating and grow huge as fast as possible, full speed ahead and damn the torpedoes. I wonder how many startups go bust trying to be the next MS, Apple, Uber, Facebook etc that might have survived and turned a profit if not for the unrealistic expectations?
Biting the hand that feeds IT
