Understanding Technology Bubbles
New Books in Economics
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The Saudi Sovereign Wealth Fund Is Subsidizing Our Transportation Through Lyft and Uber
Uber and Lyft, if you look at their S1s, they make similar sorts of statements. The difference is, as a way to think about those companies, is that the Saudi Sovereign Wealth Fund is subsidizing our transportation through Lyft and Uber. And I guess that's nice. It hasn't been so good for the drivers. But in the game of musical chairs, you just have to be not the last one.
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