News Hong Kong Property & Finance

AirBNB & Uber Beg for Bail Outs

ORIGINAL POST
Posted by Ed 4 yrs ago
Image:  Guests Trashed Airbnb Home 
 
Airbnb, which lost USD276,000,000 in Q4 and Uber, a company that loses many billions year after year, are both asking the taxpayers to bail them out as the Wuhan Virus destroys their already useless business models.
 
Let's face it, in the best of times these --- and dozens of other 'unicorns' -- were unable to make a single dime of profit, and they would have eventually collapsed.
 
If private investors were okay with feeding billions upon billions of dollars into their furnace-like maws, that's fine but the US taxpayer should give or loan them a penny.
 
Read More on Fortune 

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