I just don’t understand business, I guess

Slashdot: Regulators Criticize Banks For Lending Uber $1.15 Billion

So, let me get this straight: In most markets Uber drivers are not employees, and aren’t entitled to company-paid benefits; they use complex, advanced algorithms to ensure riders pay the maximal amount for each ride; and they certainly don’t seem to be spending a lot of time or money addressing some of their most serious problems; so, um… why did they need someone to loan them over a billion dollars? You’d think that they’d just have that lying around. Don’t tell me they’re being shady and gross and not actually making money.


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