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Forget Gravity. Lift Is The New Currency. Why should we forget fundamentals just because the models are constantly changing? Just like an airplane can defy g
by edw519 16y ago
Forget Gravity. Lift Is The New Currency.
Why should we forget fundamentals just because the models are constantly changing?
Just like an airplane can defy gravity for a while, so can a business without revenue. But sooner or later, both must return to earth.
- ronin358 16y agoOut of curiosity, did you actually read the article, or did you just comment on the title? The article used facebook, which already has about $800m in revenue, as a starting point to discuss a major factor of success for social media. He had a good point. edit/ In fact, his point could be applied very well to the recent Digg fiasco. If they had ranked "relevance to users" as high as "revenue maximization" then they may not have lost so many users.
- kevin_morrill 16y agoDo you know how much of that $800 million is recurring income? They have >$100 million deals with both Google and Microsoft separately. From what I've heard their popularity with advertisers, their actual paying customer, is in the tank. They are also one of the costliest websites in the world to run.
- waterlesscloud 16y agoEnough that they're telling people they're going to hit $2 Billion in revenue this year. http://techcrunch.com/2010/09/01/facebook-will-hit-2-billion-2010-revenue-says-mob-of-unofficial-facebook-spokespersons/ http://techcrunch.com/2010/09/01/facebook-will-hit-2-billion...