The fundamental problem with Silicon Valley’s favorite growth strategy
O'Reilly Media - Ideas
MARCH 21, 2019
Our entire economy seems to have forgotten that workers are also consumers, and suppliers are also customers. The pursuit of monopoly has led Silicon Valley astray. Look no further than the race between Lyft and Uber to dominate the online ride-hailing market. Both companies are gearing up for their IPOs in the next few months. Street talk has Lyft shooting for a valuation between $15 and $30 billion dollars , and Uber valued at an astonishing $120 billion dollars.
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