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How economics works ? 1B$ for an app ? Innovative Small scale business are struggling to raise a million, and blatant copy cats raising billions ? Capitalism wo
by iamgopal 10y ago
How economics works ? 1B$ for an app ? Innovative Small scale business are struggling to raise a million, and blatant copy cats raising billions ? Capitalism works correctly tho, what they have earn has to give back to earn more.
- ajharrison 10y agoIt's not $1b for an app. Its for 87% of the ride sharing marketshare. They eventually want self-driving Apple cars driving people all over China (and eventually the world).
- rasz_pl 10y agoIf you knew anything about China you would know this is never going to happen. No business owned by a foreign entity is allowed to thrive. This $1B is a temporary ticket out of jail for Apple. Intel had to pay its $1.5B last year, Qualcomm didnt pay and was fined >$1B for 'abusing monopoly position'.
- optforfon 10y ago"No business owned by a foreign entity is allowed to thrive." what....? Apple is thriving in China. Everyone and their mom has taken out loans to buy an IPhone. I'm not even exaggerating. Foreign cars outsell the locals brands by a large margin
- hueving 10y agoNobody is buying these apps for the technology. It's for the market. It's not difficult to build a ride sharing app (it's all well known technology). It's difficult to gain market share.
- ravivyas 10y agoThe app is just an interface to the service, which holds the actual value.
- NEDM64 10y agoNo, $1B for a company that works.