>the capacity to cause problems for the rest of the world is much greater.

And none of these problems should cause us to lose sleep. A few bad yelp reviews. Uh oh. Carbon emissions should cause us to lose sleep but nuking Lyft and Uber back to the stone age would probably have net zero effect on this.

>Stories about early-stage Uber telling its drivers to drip off mustaches from competing Lyft vehicles come to mind, presaging the much more excessive and extensive abuses that later resulted.

If you think this is bad you should read about how fire departments used to operate. Fierce competition is one thing that even critics of capitalism should support. Maybe not fire departments brawling, but consumers generally win when competition is fierce. The mustache things sounds hilarious but can't say I've heard of it. Can you link me? Did Uber HQ order its people to vandalize Lyfts?

>It would seem like in some of these examples, the promise of big dumb money, coupled with incentives to pursue cash flow-negative business models, coupled with the problems resulting from having to make good on the big dumb money investments while digging themselves in deeper with said half-baked business models, leads to them engaging in even more risky and externality-creating behavior. And generally promotes a toxic business culture that excuses bad behavior.

I don't see how this is any worse than the externalities and behavior of cash flow positive businesses. Are you arguing that Bechtel and Blackwater and Facebook and Amazon and Exxon have fewer positive externalities or better behavior?

Capitalism has problems. But Silicon Valley and dumb money aren't it. Destroying the planet is it, but you'll see that with 99.99% of companies. Absolutely nothing to do with SV or dumb money. "Smart money" often invests in planet destroying things because they happen to be really profitable a lot of the time.

>If they had less money to play around with and lower expectations and thus less incentive to desperately flail around trying to justify their crazy valuations, could this behavior be preempted, or at least lessened?

I mean, none of the behavior you're describing is really offensive to me. I find the pizza arbitrage story funny and cute and probably a sign of running a sloppy business. I don't really care other than that because I don't own shares of Doordash.

>And yet, their losses were mounting pre-pandemic:

So your distaste for Airbnb arose precisely when their losses mounted? Or is it fair to say that your dislike of Airbnb has nothing to do with their income statement? Trying to make sure we're not getting two conversations mixed up. I understand you don't like Airbnb but that's not a very interesting conversation. I'm more interested in people taking personal offense to cash-flow negative businesses.

>You don't need to be livid with rage to mention someone is contributing to a larger problem, however proportionally small. You don't even need to mention climate change as a reason to blame ridesharing for driving up traffic; the increase in traffic is inconvenience enough, let alone its influence on public policy wrt urban planning, decrease in investment for transit, etc.

You don't need to do anything sure. It's just kind of silly to scream and shout about some dumb investors when a bunch of people are silently killing the planet and I rarely see these sensational news stories or comments about them. I see 10x attention about Airbnb causing rent prices in trendy neighborhoods.

>Great idea!

It's a horrible idea actually! This kind of thinking is why people hate investors that are only interested in quarterly returns.

>Will they?

If I were an owner, I would absolutely hope not! I guess I'm one of these strange investors that cares about long term value rather than short term returns.

If they can take over taxis around the world for the next 30 years, I don't really care if they had a few unprofitable quarters.

>Can they?

Sure. If they just started charging the actual price for a ride, they would be making a lot of money. But that's not the business that investors wanted to buy.