I hate to drive and used to embrace ride-hailing apps, even contemplating selling my car. No longer.
Now I worry about the Internet economy's preoccupation with chasing unicorns - start-ups valued at over US$1 billion (S$1.35 billion) - like mobile taxi app Uber, pumping them full of borrowed money, enabling them to undercut market rates, monopolise key industries, then jack prices back up.
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