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> Its questionable if the consumers are hurt, as basically SoftBank is subsidizing the consumers.

This subsidization is not free though. They are distorting and ruining markets in the process. Driving actually profitable competitors out of business, then collapsing themselves.

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> are distorting and ruining markets in the process

Which markets did they ruin?

Ride sharing and food delivery are bustling at the local level. The one who got screwed tried to match Son’s scale.

Ride sharing has largely been unprofitable over the last few years. The food delivery apps take a gigantic (Apple App Store) cut from local restaurants.

Housing. Airbnb has been disastrous for housing costs in places

Not sure who markets are ruined for the long term. If the subsidizing stops, the market will reestablish itself. There is nothing destroyed inherently here.

Tell that to all the normal people that went out of business and lost life savings because they couldn't compete with loss-leader.

Yeah and many normal people beyond drivers also made money and consumers gained, while some existing producers and Uber investors lost.

The market always producers winners and losers, there is nothing that can really be done.

You can't really make it illegal to invest in growing companies that lose money.

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