Lyft files IPO, reports net loss of $911 million, revenue of $2.1 billion

[Peachy]

They're talking about the ongoing problem in every single thread where people get into discussions about handling corporations.

[AxeI]

Then if Geel think that's a problem he should provide counter-points to those discussions, and provide alternatives of his own.

Personally, I think it's better to offer simplistic or optimistic solutions, even if that means refining and amending them down the line, than doing nothing and pretending the status quo is the best we can get.

[coup]

Except they didn't expect any returns, they gave out sub-prime loans and sold that debt without disclosing the risk. You should do some research before conflating these things.

[Swilly]

Its not just used by VCs either. Its called lowering the market floor; which means that competitors who may offer a better service with a better product can't compete because ot keep the standard they'd end up not being as profitable.

Its how Walmart was able to dominate for 20 years everywhere and how Amazon now keeps other retailers at bay. Epic is trying to do it now with their Launcher.