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fooker 16 hours ago

It's not the exact same bet, but it rhymes.

It worked out for Uber, they are wildly profitable now after spending a decade losing money.

Also worked out as Amazon managed to outlast all the dotcom era e-commerce competitors while being unprofitable.

disgruntledphd2 4 hours ago | parent [-]

> It worked out for Uber, they are wildly profitable now after spending a decade losing money.

Uber have a 10% margin, which is definitely not what I'd consider wildly profitable. (Their post tax numbers look better, because of accumulated losses).