ST Alpha - "It’s always so strange when capitalist networks or societies publish articles saying “capitalists following capitalist rules 101” like this one " (Reading a Post)

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In response to "UBER lost $5.2 BILLION in the THREE months ending in June -- (link)" by Beaker

It’s always so strange when capitalist networks or societies publish articles saying “capitalists following capitalist rules 101” like this one

Posted by JackDawson (aka dawson) Sep 25 '19, 05:41

We know they’re SUPPOSED to “lose” money meaning they spend more than they’re taking in to grow right? Why is this news?
Why was it news when amazon and google and Netflix did it? Why do capitalists not understand capitalism?

One wonders

Responses:

Just like with WeWork. The minute they raise rates to break even. They're likely sunk -- nm - budice Sep 25, 05:49
The thing with Uber though is...what's the model for growth to profit? -- nm - ty97 Sep 25, 05:42 3
- by that I mean: Uber is everywhere. They have Uber Eats too. But they are still losing tons of money. What is their grand plan? -- nm - ty97 Sep 25, 05:43 2
  - To make as much money as possible for their shareholders and executives before the whole thing comes crashing down -- nm - decline Sep 25, 05:59 1
    - See, we do understand Capitalism! -- nm - Qale Sep 25, 06:03
the companies you mention though seemed to have a plan that made sense. Uber's plan seems to be lighting money on fire -- nm - Beaker Sep 25, 05:42

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It’s always so strange when capitalist networks or societies publish articles saying “capitalists following capitalist rules 101” like this one

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