I attended a Bar Camp a few weeks ago where presenters give technology related talks. One of the talks I attended was entitled "The myth of the Unicorn" regarding startups and the speaker talked about Uber...specifically how so many people are invested in Uber pre-IPO and that in order for them to make money on an IPO, Uber requires a very high valuation for the IPO. The problem is that in order to justify a very high IPO valuation, Uber would have to show a path towards profitability which they do not have.
My point is that those very same cyclists could have doped just as much as he did and not even come close to what he accomplished. Recovery time for the most part is why they dope. It doesn’t make them want it more. Do you ride? In a training capacity? Like a tri perhaps? If not stick to trading lol. Jk happy Friday.
Agree, at least I don't see it. Amazon comes to mind, they made losses for many years but each year they came out with new features and ways to improve the shopping experience with hard to imitate things. Above all they showed an upward sloping trajectory towards breakeven and ultimately profits. I also don't see that playing out at Uber. My take is they will go down the same route as SNAP.