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What a crock of shit. No offense, Doomberg is my favorite substack, for which I gladly pay and recommend to anyone who will listen to me, but this is a rare miss. To cast governments as benevolent regulators, gleefully working in the best interest of the people is utter hogwash. Governments are funded by theft and supported by cronies seeking to wield government power to create barriers to entry in order to protect their cartels. Taxi companies were especially guilty of that. In the days before Uber a hack license in NYC cost $1.3 Million PER CAB and the service was garbage. Filthy cabs, high prices, lack of availability, driving like maniacs, and so on. If a government/ big business cartel sets up barriers of entry impossible for innovators to overcome the only reasonable response is war. Regulations be damned. Governments and their cronies be damned. I don't own Uber's stock and never will for the reasons stated above. But thank God for Uber and their flaunting of regulations, because anyone who has spent 10 minutes in Chicago or NYC knows the alternative government protected monopoly was trash.

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Like always, a fun read...but really makes me hate the fact so many think VC's are gonna be the visionaries to do anything meaningful about our climate situation....try raising for a hardware startup and get back to me

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Saw this the other day, it's a bit long, but the most in depth piece I've seen on this yet... Gotta bet that turds positioning his food prep startup to be bought by his old company https://www.sfgate.com/food/article/Bay-Area-Oakland-CloudKitchens-ghost-Adeline-16401359.php

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Aug 24, 2021Liked by Doomberg

Hi. Another good article by a solid chicken. For more details check out the series of articles Huber Horan has written on Uber. They are on point and provide thoughtful financial detail through the lens of a transportation expert. https://www.nakedcapitalism.com/2021/08/hubert-horan-can-uber-ever-deliver-part-twenty-seven-despite-staggering-losses-the-uber-propaganda-train-keeps-rolling.html

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