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No Lyft, No Uber—Unicorn Ponzi’s May Finally Be Peaking - Printable Version

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No Lyft, No Uber—Unicorn Ponzi’s May Finally Be Peaking - Contra Corner - 05-13-2019

No Lyft, No Uber—Unicorn Ponzi’s May Finally Be Peaking

I have been highly critical of the Profitless Prosperity Sector (a.k.a the Ponzi Sector). The sector consists of companies that are effectively Ponzi Schemes; in that they have accelerating losses but show blistering growth rates in order to attract new capital. This all worked fine when companies kept their free floats small enough to be […]


https://davidstockmanscontracorner.com/no-lyft-no-uber-unicorn-ponzis-may-finally-be-peaking/