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>If your core "product" is massively unprofitable, it's not really a product at all. Tell that to Instagram or Snapchat.
by rl3 11y ago
>If your core "product" is massively unprofitable, it's not really a product at all.
Tell that to Instagram or Snapchat.
- austenallred 11y ago> Tell that to Instagram or Snapchat. This is no longer true for Instagram. It should generate $595 million in ad revenue this year, and is expected to reach $2.81 Billion in annual ad revenue in 2017. (Remember: this company was purchased for $1 Billion.) So, to recap, Instagram was "massively unprofitable" for five years, after which it started bringing in revenue most easily measured billions. In other words the notion that a product isn't "a product" until it's profitable is farcical.
- Pizzalover 11y agoCitation needed