Comment by concordDance | Hacker News Reader

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Comment by concordDance | Hacker News Reader

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A year ago it was the golden example of how not to run a business, it's now the golden example of how not to run a tech system/service.

a year ago it had just lost over US$1B over the running year

So, like Uber, or any of HN's top startups. In modern times this is called a shining example of how to run a company.

Compared to losing US$24B with Musk.

Now it's spending $1.3B p.a. on servicing loans alone. Does that sound like an improvement?

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