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antisthenes
on Aug 1, 2023
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Uber posts first quarterly net profit
They drove out their own, better product that existed 5-10 years ago.
Now they are extracting their monopoly rents.
lotsofpulp
on Aug 1, 2023
[–]
It is good for Amazon’s owners that they moved out of the sub 5% profit margin retail business, and maintained their 15%+ profit margin platform and logistics business.
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Now they are extracting their monopoly rents.