4 ms·
They are engineered to take a loss. If market conditions improve they ramp up costs. It’s not a game to maximize profits yet, it’s a game of trying to maximize
by boublepop 6y ago
They are engineered to take a loss. If market conditions improve they ramp up costs. It’s not a game to maximize profits yet, it’s a game of trying to maximize vale extracted from losses.
- hazbot 6y ago"We're losing money on every sale!" "Don't worry, we'll make up for it in volume."
- jjeaff 6y agoIs that from silicon valley? Because I have to say that Seinfeld (Kramer) already did that bit, hilariously, many years ago.
- tanseydavid 6y agoAccording to this post: https://www.barrypopik.com/index.php/new_york_city/entry/we_lose_money_on_every_sale_but_make_it_up_on_volume https://www.barrypopik.com/index.php/new_york_city/entry/we_... the original use of the joke/phrase goes back to at least 1933 and likely further.