Uber didn't make a profit for a very long time. This is part of the game in silicon valley. Fake it until you make it.
this post was submitted on 06 Jan 2025
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Yeah, we see this all the time with emerging tech and platforms. All of the top tech companies now were once spending cash faster than they could make it, and all the naysayers saying they’d never be profitable.
Don’t y’all get tired of being wrong sometimes? Maybe try to learn from the past.
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you don't understand how technology companies work. they're not always making money
yeah but there is a difference between losing some money on R&D and simply having an unviable business model.
Would people on Lemmy actually know the difference though? Like half the people here don't believe in the premise of money and capitalism to begin with. How are they expected to understand the finer points of business?
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Why would anyone believe this? It's a private company. They don't have to be truthful talking about their finances.
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