it was the transcontinental telegraph that truly killed the Pony Express.
Why Companies like Lyft, Uber, Postmates, Instacart etc Will Never Be Profitable.
Seyi Fabode

To be a bit more accurate, the telegraph (Western Union) merely sped up the Pony Express’s inevitable demise. The company would have likely failed without the telegraph coming onto the scene. However, to your point, in today’s blindly aggressive VC culture, the Pony Express could have likely survived while mounting continual losses in the same way Uber is.

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