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> You don’t need thousands, let alone millions, of employees labouring for you. Name a company with a billion dollars in revenue that is, or could be, operated
by CPLX 6y ago
> You don’t need thousands, let alone millions, of employees labouring for you.
Name a company with a billion dollars in revenue that is, or could be, operated solely by someone with a laptop and programming skills.
- dwrowe 6y agoPrevious poster didn’t claim billion dollars in revenue - just that to become a billionaire. Take Facebook acquisitions for example - WhatsApp, Oculus - low headcount (less than 500) for multiple billions.
- CPLX 6y ago> low headcount (less than 500) Indeed. There's a big difference between 1 person and a team of hundreds.
- dencodev 6y agoThere are a lot of trusts out there that operate with no full time employees and make billions in revenue. Maybe getting returns on investments isn't really a company, but it's also hard to say something like a hedge fund isn't a company.
- CPLX 6y agoThose trusts earn their money by investing it in enterprises that actually create value through the use of many employees. I definitely would not describe myself as a socialist (I have an academic background in economics) but it's pretty clear that the labor theory of value is not contradicted in the slightest by citing examples of lone rent-seekers.