Not Sure Anyone Else Finds This Funny, Too
Sorry for copy-pasting from Matt Levine's column, again. At least I get cheetah's comment for free :-)
What makes this funny to me is that Matt takes the second-order literature derivative (yes, I know there is no such thing) of the usual stuff I read on investments:
Venture capitalists love investing in businesses with massive losses, terrible unit economics and no path to profitability, as long as they are big and fast-growing. Prominent venture-backed companies sell desirable products at far below their cost, essentially subsidizing consumers’ lifestyles with venture-capital money. (This theory is sometimes called “the MoviePass economy,” after a Kevin Roose column.) We have talked, a couple of times, about why the venture capitalists might care about growth and not profits, with possible answers including (1) they correctly believe that in the long run rapid growth will lead to monopoly profits, (2) they incorrectly believe that, (3) they are just nice or (4) they are trying to forestall socialist revolution by giving people cheap stuff. “The fun view of the venture-capital-subsidized perpetual-loss-leading user-growth-at-any-cost economy is that it represents socialism as the transcendent end state of capitalism, a capitalism that is so refined that it consists of just giving people free stuff in exchange only for their willingness to take it,” I once wrote.
please do yourself a favor and get in touch with @inthenow. You will be very surprised in a wonderful way.
Thank you, @snook. I just did and ... you were right ... his version of Home is absolutely amazing 😃
it made me cry in a great way :) Thank you for letting it free to fly into the world!!
Funny is a part of life.I am almost time do make funny with my village brother. Such as today we have done push up with my village brother that was very funny time.I
Its funny though. I feel its a trap to lure customers and when the customers buys it at a cheap, they will always come back. Who doesn't like free things, later in the future, they will be increasing the price without the customer noticing it since they have already trusted the company that they have the best price
I find it very paradoxical, even if it may seem goofy and funny, I definitely think that these kinda capitalistic do not really consider reality, but prospect and long term.
I don't know why I think of Facebook right now... I'm mean or it's just a "funny thought". What I found funny as well is your tags sequence: funny money writing.
Haha - Facebook is a mixed game of buying and exploiting “customers”, combined with a greater fool exit strategy. It may have started with good intentions of connecting people but quickly focused on moral-free profit taking.
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HI @mariusfebruary,
You nailed it, but I also think it was the only way to sustain the company. Simply having a cost center with no revenue would be insane. I think they might overextend with taking profit of the platform because more and more users do not like it anymore.
I believe there will be a "new" social media platform soon. The next BIG thing
I agree. This whole advertising economy will come to an end one day and will be substituted by the next economic model.
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I am sorry @acesontop I do not agree with Facebook. They just revealed higher returns than ever before. I know what you mean but since Zuckerburg decided to commercialize Facebook, business numbers seem ok. I think Netflix would be a good example :)
t seems interesting to me this article but I generated a great deal of uncertainty will risk capitalists maintain a parallel business where recover losses? Or could it be that these actions gives them name and prestige to grow rapidly later?
Really interesting. It sounds to me that all they are trying to do is make the masses dependent on them for life. Funny though 😄.
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It seems funny for us but indeed they have their own mindset. Maybe they are too rich or maybe they want publicity.
Who knows it.
By the way the buyers must enjoy the offer.
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