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'Competition that's irrational': Why it's scary that Uber is ferrying cans of Coke around London and giving people £30 if they're late

Low interest rates may be starting to generate the kind of irrational competition that should have tech bubble-watchers nervous. Legendary Silicon valley venture capitalist Bill Gurley talked about this phenomenon in a Recode podcast recently. "I n our industry we're seeing that low interest rates are leading to overt competition that's irrational," he said. "Burn rates are areas we've never seen before.
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