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Why does it have to make money? If service such as twitter that can benefit the world in some way without making any money, why force it into a 'business model
by treenyc 11y ago
Why does it have to make money? If service such as twitter that can benefit the world in some way without making any money, why force it into a 'business model'?
- dchuk 11y ago...because it costs money to run it? And it costs money to hire good talent to maintain it?
- treenyc 11y agoYes, but I would imagine that cost is not too much. Why not make it into something like a public resource. Often that approach will generate more wealth for the greater community. Often the for-profit model and fiduciary responsibility can be constraining in wealth creation in general.
- deleted 11y ago[deleted]
- raldi 11y agoBecause in order to be brought into existence, young Twitter needed money, and the people who gave them that money did so in return for the right to vote on the future of the company, and the holders of those rights today vote for profit. If you'd like to see a different kind of company, you should offer to invest in startups under more altruistic terms.
- bitmapbrother 11y agoYou would have a point if Twitter was a non profit, but it's a publically traded company and, thus, has a fiduciary responsibility to its shareholders to make money.