Exploring the distortion of the market through venture capital in ride-hailing, focusing on Uber and Lyft's use of subsidies for customer acquisitions and subsequent price shifts towards profitability. Drawing parallels between historical examples and contemporary companies like Tesla and SpaceX.
A reading and discussion based off of this essay by Tim O'Reilly https://www.theinformation.com/articles/ai-has-an-uber-problem
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