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If twitter exists to make money, then why aren't they operating a franchise network of fast-food restaurants, since that more obviously makes money than an sms-
by logicallee 11y ago
If twitter exists to make money, then why aren't they operating a franchise network of fast-food restaurants, since that more obviously makes money than an sms-length syndication service. Also, shouldn't they be selling music streaming? Why aren't they in most markets at all? Do most markets have a marginal revenue of zero or negative?
Because Twitter doesn't "exist to make money" it also "exists to be Twitter." I'd prefer to never again hear that something "exists to make money", which is quite facile.
EDIT: there's a bit of a war between downvoters and upvoters on this comment. Let me break it down for you. The only way to agree that "twitter exists to make money" is by agreeing that the mission statement of every company on Earth should be, "Make money." Not much of a mission statement is it?
- wslh 11y agoThe first mission of every organization is not making money, it is living longer.
- logicallee 11y agoMaybe you think that should be the first mission of every organization, but it clearly isn't. After all, if you gave me $2M and I was supposed to use it to set up an organization that survives for as long as possible, it is likely that I could easily set up a legal entity in the United States that has a recognizable successor 300 years later (and no expenses or employees). If administrative costs are as high as $5K per year, with zero interest, that is still 400 years. But lots of organizations have more than $2M as some point, but at a later point just a couple of years later go bankrupt and simply disappear. Clearly it is not the first mission of every organization to live longer.