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The Rise of "Legal Fraud" | Bethany McLean
Forward Guidance
Uber Is Not Profitable, but They Really Are Not.
The cost of so many things was held artificially low by investors willingness to to bear losses. Uber maythebe they had o profitable positive adjustidy beda, but they really are not profitable businesses. And i think that's been true along the way with a lot of these companies,. With the establishment of private markets and for all sorts of shares, that people have been able to extract a lot of money from things that ultimately end up e money losing enterprises.
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