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Blackhawk posted:I never understood this 'business model', I mean I get slashing prices to drive your competitors into the ground but surely when you eventually MUST jack your prices up to pay off all of that subsidising and turn a profit a new competitor will jump into the market and undercut you just like you did to everybody else. Kinda like how the reasonable prices and ease of use of netflix convinced a lot of people to stop pirating TV and movies for a while but now that there are a hundred different streaming services and their prices are all going up people are just going to go back to piracy. you sell off all your stock and move to another company before that second part happens so its no longer your problem
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Dec 14, 2020 20:48
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The key thing with tech companies is that they're all shooting for monopoly control, therefore they're all infinitely valuable no matter what their revenue and expenses.
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Dec 14, 2020 21:04
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As you can see from these accounting numbers, we're way in the green! We just have to be sure to count potential income.
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Dec 14, 2020 21:09
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I mean Uber, Tesla, AirBnB are all dumb but they are definitely more viable than Twitter or Facebook which exist only on a fake ad model that will eventually collapse.
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Dec 14, 2020 21:23
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Peanut President posted:I mean Uber, Tesla, AirBnB are all dumb but they are definitely more viable than Twitter or Facebook which exist only on a fake ad model that will eventually collapse. Uber and AirBnB could both be legislated out of existence very, very, very easily just by making them follow the rules for taxis and hotels Not that they will be
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Dec 14, 2020 21:28
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The Bloop posted:Uber and AirBnB could both be legislated out of existence very, very, very easily just by making them follow the rules for taxis and hotels I mean if that's the bar then half the drat S&P 500 is at threat
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Dec 14, 2020 21:31
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The Bloop posted:Uber and AirBnB could both be legislated out of existence very, very, very easily just by making them follow the rules for taxis and hotels Uber just successfully made their own laws and they still aren’t making money
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Dec 14, 2020 21:33
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Peanut President posted:I mean Uber, Tesla, AirBnB are all dumb but they are definitely more viable than Twitter or Facebook which exist only on a fake ad model that will eventually collapse. facebook has been packaging up your identity and selling it to anyone that wants it for years. the ads are just the icing on the cake
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Dec 14, 2020 23:17
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boar guy posted:facebook has been packaging up your identity and selling it to anyone that wants it for years. the ads are just the icing on the cake yea, companies like facebook and google are making money hand over fist from sources that aren't obvious. I don't think I can say the same for Uber which only makes money you get a ride to the airport.
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Dec 15, 2020 02:35
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hell, uber is subsidizing your ride to the airport
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Dec 15, 2020 02:41
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stock offerings are another way for zombie corps to make money that's not just loans futzed over by accounting gimmicks, and as long as the narrative is good and the fed will buy their bonds, well, there's no way to lose is there
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Dec 15, 2020 02:47
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bling blong chonkin off some shares, another ten billion in our coffers whoa look at it soar to the stratosphere for our investors, seems unsustainable but oh well the money we got was as real as sin lmao
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Dec 15, 2020 02:50
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boar guy posted:facebook has been packaging up your identity and selling it to anyone that wants it for years. the ads are just the icing on the cake and this does ??? for the people who buy it? the security state can determine that i am an urgent threat to the citizens of yarhnam and yet advertisers still can't figure out what ads to show me
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Dec 15, 2020 02:52
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duz posted:you sell off all your stock and move to another company before that second part happens so its no longer your problem It's this. A thousand times this. These tech companies are building a thousand little house of cards. 1. Uber runs on a deficit muscling out the local taxi service. 2. With the taxi service gone, they pump up prices. 3. Brand new shiny competitor runs on a deficit muscling out Uber. 4. With Uber gone, they pump up the prices. 5. Newest competitor runs.... And on and on. The problem with all these service providers is that they don't actually own any of the cars. Any other motherfucker can walk right in and take over with nothing but an app and a server farm. But that poo poo is cheap compared to everything else. But by that point, everyone's made their money and moved on.
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Dec 15, 2020 02:59
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Like, it's really hard to muscle out a walmart by bottoming out on prices, because you have to build supply lines and warehouses and a whole slew of stores. But loving Uber is an app and a pile of money. That's it. So that's all the next dude needs to take over.
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Dec 15, 2020 03:00
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PostNouveau posted:The key thing with tech companies is that they're all shooting for monopoly control, therefore they're all infinitely valuable no matter what their revenue and expenses. ah yes that paragon of capitalist market efficiency, the monopoly
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Dec 15, 2020 03:03
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Hodgepodge posted:and this does ??? for the people who buy it? The big secret is everyone involved has a vested interest in maintaining the lie so they don't get their budgets cut, don't lose business, whatever. Whenever anyone actually critically looks at it or does a study with good controls they find it's useless, but why listen to them when you can listen to all the paid-for statistics that show it does exactly what you need it to do to justify your marketing budget!!!
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Dec 15, 2020 03:12
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Cpt_Obvious posted:It's this. A thousand times this. nah after step 2 they use their trillions of dollars of Saudi oil money to buy the local regulatory apparatus and either buy out or destroy the competition through monopoly tactics
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Dec 15, 2020 03:24
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Cpt_Obvious posted:Like, it's really hard to muscle out a walmart by bottoming out on prices, because you have to build supply lines and warehouses and a whole slew of stores. But loving Uber is an app and a pile of money. That's it. So that's all the next dude needs to take over. And as a very good and normal side effect of this, the biggest money pile wins. So Uber/Lyft/other apps can pitch themselves as the leader who just needs more money to ensure victory, which drives up the investment in them, which means bigger piles of burning money. Which, famously, can never go wrong.
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Dec 15, 2020 03:27
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Hodgepodge posted:and this does ??? for the people who buy it? Ah, Kos. Or some say, Dr. Kos.
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Dec 15, 2020 03:35
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How! posted:
I had a similar issue with my landlord in June. One of our two cars had a registration and inspection expire in May, so I figured since my rear end was locked down and the car had already been parked in the spot for months that I would wait to get everything brought up until things normalized. My landlord came and told me that I had to get the car inspected and registered because if I didn't I'd be using my parking spot as storage. So I told him that I would and never did.
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Dec 15, 2020 03:45
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T-man posted:And as a very good and normal side effect of this, the biggest money pile wins. So Uber/Lyft/other apps can pitch themselves as the leader who just needs more money to ensure victory, which drives up the investment in them, which means bigger piles of burning money. Which, famously, can never go wrong. That depends on whether Chinese investors want to supplant them with their new _________ (fill blank with electric cars, fancy new app, etc.) and the war of avarice continues.
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Dec 15, 2020 03:53
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a new study bible! posted:I had a similar issue with my landlord in June. One of our two cars had a registration and inspection expire in May, so I figured since my rear end was locked down and the car had already been parked in the spot for months that I would wait to get everything brought up until things normalized. My landlord came and told me that I had to get the car inspected and registered because if I didn't I'd be using my parking spot as storage. So I told him that I would and never did. Haha, I'm in the almost same position. Told him I'd get storage insurance for it...have not.
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Dec 15, 2020 03:55
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Shame Boy posted:The big secret is everyone involved has a vested interest in maintaining the lie so they don't get their budgets cut, don't lose business, whatever. Whenever anyone actually critically looks at it or does a study with good controls they find it's useless, but why listen to them when you can listen to all the paid-for statistics that show it does exactly what you need it to do to justify your marketing budget!!! the funniest thing is that its a huge scam and we aren't even the marks, we're just bystanders who get roped in as extras
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Dec 15, 2020 04:42
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Lib and let die posted:Ah, Kos. Or some say, Dr. Kos. do you buy our stocks?
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Dec 15, 2020 04:43
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behold, a Paleblood IPO!
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Dec 15, 2020 04:47
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Lib and let die posted:Ah, Kos. Or some say, Dr. Kos. Hodgepodge posted:behold, a Paleblood IPO! Hodgepodge posted:do you buy our stocks?
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Dec 15, 2020 05:09
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Greg12 posted:
I'll tell you a lil secret. The robocab fetish was never about efficiency or cost savings. It was about convenience for the PMC (by reducing the cost and inconvenience of unsustainable development patterns to them as individuals) and the further destruction of labor's political power by providing an excuse to eviscerate public transit. And, much like the private automobile was before it, they will subsidize the absolute ever-loving poo poo out of the robocab for as long as it takes to make it viable.
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Dec 15, 2020 05:14
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T-man posted:And as a very good and normal side effect of this, the biggest money pile wins. So Uber/Lyft/other apps can pitch themselves as the leader who just needs more money to ensure victory, which drives up the investment in them, which means bigger piles of burning money. Which, famously, can never go wrong. Counterpoint: Mo' money mo' problems
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Dec 15, 2020 06:36
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PostNouveau posted:The key thing with tech companies is that they're all shooting for monopoly control, therefore they're all infinitely valuable no matter what their revenue and expenses. I mean no joke, if they accomplish their goal then they will actually be a license to print money. And the only real thing standing in the way of them achieving their goal is uhh, effective anti-trust legislation being enacted and enforced. So uhh... Ofcourse the real question is why would you invest your money into a tech company to try to build a free money printing machine when there are already free money printing machines you can buy (partial) ownership of with sufficient funds? Like, say, banks or insurance companies? Orange Devil has issued a correction as of 14:17 on Dec 15, 2020 |
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Dec 15, 2020 14:09
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pretty sure most people dumping money into VC also have a shitload of traditional investments
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Dec 15, 2020 14:24
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Ardent Communist posted:Haha, I'm in the almost same position. Told him I'd get storage insurance for it...have not. A parking spot is storage even if the car is registered and inspected! Also the car in question is a 2018 Mazda with like 20K miles on it, so it's clearly not rusting out.
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Dec 15, 2020 14:27
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Orange Devil posted:Ofcourse the real question is why would you invest your money into a tech company to try to build a free money printing machine when there are already free money printing machines you can buy (partial) ownership of with sufficient funds? Like, say, banks or insurance companies? Because it might print money faster.
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Dec 15, 2020 14:37
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The Bloop posted:Uber and AirBnB could both be legislated out of existence very, very, very easily just by making them follow the rules for taxis and hotels it's possible denmark made uber abide by existing taxi regulations, so they left the country. airbnb are staying around, but they have to provide the tax authorities with info on all danish rentals
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Dec 15, 2020 15:17
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Cold on a Cob posted:pretty sure most people dumping money into VC also have a shitload of traditional investments yeah all the people investing in VC literally are just chasing yield. they’ve got so much money they can just light some on fire on the off chance it turns into much more money.
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Dec 15, 2020 17:27
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Zamujasa posted:Because it might print money faster. Also diversifying your risk, just in case the financial sector takes a major hit for some mysterious reason unrelated to unsustainable loans and investments.
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Dec 15, 2020 17:31
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i should've said 'KosMD'
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Dec 15, 2020 22:03
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Zamujasa posted:Because it might print money faster. Or make someone else's print money slower/less Cuz gently caress the other guy
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Dec 15, 2020 22:54
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vc is just legal high stakes gambling
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Dec 16, 2020 03:53
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A tornado took the power out here so while I'm waiting for it to come back on I checked the power company website for the status and found this:quote:Many of us are looking for ways to make the world a little brighter this holiday season. During what's been a difficult year for many, you can help give the gift of hope through our Share program. By donating, you'll help a struggling family right here in our area pay their utility bill – sharing hope when so many need it during trying times. God bless u power company, for having the heart to let other people pay you for someone's electric bill  But don't worry, they gave a whopping one million dollars to themselves, and guilted their own employees to paying some of their paycheck back to the company: quote:To help assist customers having difficulty making utility bill payments, TECO donated $1 million to COVID-19 relief, including $500,000 to the Share program. Share is administered by the Salvation Army, specifically to provide utility bill assistance. In addition to funds provided by TECO, Share is funded by the generosity of our own employees, community partners like COI Energy and the Tampa Bay Lightning, and customers just like you. In completely unrelated news, TECO was bought by Emera in 2015 for $10.4 billion in an all-cash teal, creating a company with over $20 billion in assets.
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Dec 16, 2020 23:30
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