Th3 Core

Yes, but Amazon had only about 2 years of big losses
https://qz.com/1196256/it-took-amazon-amzn-14-years-to-make-as-much-net-profit-as-it-did-in-the-fourth-quarter-of-2017/

And some of the lower profits in recent years have, essentially, been tax dodges. Uber is different. They are burning through an underpaid labor force and they can't afford to give them raises. I think they were betting on self-driving cars coming online earlier and saving them. And Blue Apron? I mean seriously?

Caspar and Peloton I could see scaling. WeWork could have worked as a real estate play, much like a modern ski area is mostly about real estate plays, not about making money off actual skiing.

^{So it happened...}

>easy to spend all day riding unicorns whose most magical property is their ability to combine high valuations with persistently negative earnings

Millennials mourn days of cheap Seamless, Ubers, Airbnb
https://nypost.com/2022/04/21/millennials-mourn-days-of-cheap-seamless-ubers-airbnb/

The World Bank calculates there could be a "huge" 37% jump in food prices.

https://www.bbc.co.uk/news/business-61171529

Pretty hard to avoid that one other than growing your own. Things have changed rapidly in the last 6-12 months, beginning with a period in late Summer when the wind wasn't blowing.

Electricity here in the UK, my original co went bust and were supplying me at 15p/kWh, I was shifted to a new supplier 2 years fixed 25p/kWh. Current variable rates are in the 30s. Gas up 50%, expected to rise again in September.

Petrol up though I don't drive, guess that'll factor into every other price though.

Council tax up 3-5% for most. Interest rates on the rise. Had overpaid my mortgage over the past 2 years but looked like the interest rate rises will cancel out any savings when remortgaging.

I'm mitigating by an investment into Ripple energy for my electricity which should bring my electricity bill down by 40%. Longer bet. Continuing to better insulate the house.

So many people are going to feel the pinch on this, especially heading into Winter. The situation here at least doesn't seem exclusive to millennials, though older generations who've paid off their house and/or have a private pension are in a much more sound position.

>>> 200 square feet per person

IMHO that is a serious under-estimate.

No more freebies: Companies crack down on customer perks and rewards

https://www.cnbc.com/2023/08/05/companies-crack-down-on-customer-perks-and-rewards-like-airline-miles.html