> Son’s strategy depended on writing such large checks—to the likes of WeWork, Uber Technologies, and DoorDash—that his portfolio companies would be able to operate at a loss for years, theoretically giving them time to establish market dominance and long-term profits.
This right here is the root of the problem. It is so blatantly anti-competitive and cause extensive damage to society. It hurts small businesses, discourages innovation and quality, monopolizes the industry, increases consumer costs in the long runs, it entices investors to eschew fundamentals and gamble on hype. It's just no way to run a stable economy. We as a society need to find a stop to this or it can be disastrous in the long run.
This right here is the root of the problem. It is so blatantly anti-competitive and cause extensive damage to society. It hurts small businesses, discourages innovation and quality, monopolizes the industry, increases consumer costs in the long runs, it entices investors to eschew fundamentals and gamble on hype. It's just no way to run a stable economy. We as a society need to find a stop to this or it can be disastrous in the long run.