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> Roose could have rapidly found enough information to cast doubt on Helium's sustainability.

Couldn't a similar accusation be levied against a lot of other hyper-growth startups, eg Uber? They were heavily subsidizing rides to grow and might not actually have a workable model if the subsidies are removed.

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> Couldn't a similar accusation be levied against a lot of other hyper-growth startups, eg Uber? They were heavily subsidizing rides to grow and might not actually have a workable model if the subsidies are removed.

Yes. Yes it could, and it must. Uber lost over 20 billion dollars over 10 years. It's not a business. It's a speculation and price dumping vehicle.

Only difference is that bagholders won't be retail in those cases.

Uber is listed on NYSE, so there's plenty of opportunity for retail to get in on the action.

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