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Plaski t1_jbj60r2 wrote

Reply to comment by TheTariffof19892 in Another e-scooter company comes to Richmond by PercyDovetonsils

These companies aren't money laundering.

They get funding via rounds, business operates at a severe loss in hopes to become very popular so they can take the user numbers back to the next seed round.

Rinse and repeat until they can't get more funding and close.

This is just tech basically, go look at early UBER to see how far in the red they were for YEARS, just living off funding rounds.

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TheTariffof19892 t1_jbj8kda wrote

While this is probably true, its more fun to think its money laundering 🥳

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