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Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708
This Week in Startups
How to Invest in Sub-Stack
The zero interest rate policy resulted in too much funding and the subsidizing of Lyft, DoorDash, Postmates, and Uber. They zerped it up and then the tide goes out and now you gotta make a profit. The market wants to see the bottom line and they wanna see profits,. Even though Uber is starting to show free cash flow of profits, yada yada. And yesterday, Lyft CEO Logan Green and President John Zimmer announced they would each be stepping down.
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