3 ms·
They boast of the CEO growing customers from 20,000 to 2M by cutting prices. But by cutting prices, they lose more money per customer. So by growing customers t
by ErikAugust 8y ago
They boast of the CEO growing customers from 20,000 to 2M by cutting prices. But by cutting prices, they lose more money per customer. So by growing customers they grow losses.
One thing you see time and time again is some version of the old joke: “We lose money on every unit, but we make it up on volume!”
- wellboy 8y agoYeah and then you can simply change the movie pass feature and add some other type of subscription model and sell stuff to your user base. It's a smart way to grow your app, but they need to be smart to sell something good to monetize their usr base wel now.