Investor Jason Calacanis says he hates Trump but president's small business loan program worked
" Uber will become profitable in 2021 thanks in part to its acquisition of the food delivery service Postmates. Calacanis, who called the deal a "sleeper acquisition," said both businesses have been losing money until now because they were in a "dog fight" but Uber "will easily be profitable" once the competition is reduced.
Calacanis, who founded newsletter provider Inside.com and a dot-com era newsletter called Silicon Alley Reporter, also commented on the recent disputes between technology investors and journalists. In recent weeks tech figures have complained on social media platforms such as Twitter and the new audio appabout overly negative media coverage of their industry, particularly from the New York Times.
Calacanis said tech investors tired of such coverage are "just going to route around the press. We're now getting follower counts on Twitter that are greater than the journalists." "All I'm asking for is a little balance," said Calacanis regarding media stories on technology companies. "If you want to beat us up, if you want to criticize us… go for it. It only makes us better at what we do…. But I would love if the New York Times would just cover one or two of the world-positive companies that I invest in."
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