Follow

“All these companies have valuations in the tens of billions, making their founders and investors very rich, despite not making any money at all in the operating economy. In many cases, the money invested in these companies was used to create the illusion of growth, acquiring customers below the cost of delivering services to them. It is money invested in the promise of more money, a kind of Ponzi scheme decoupled from the operating economy.”

oreilly.com/radar/the-end-of-s

Sign in to participate in the conversation
Mastodon for Tech Folks

This Mastodon instance is for people interested in technology. Discussions aren't limited to technology, because tech folks shouldn't be limited to technology either!