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There isn’t a single business model out there that can survive a 90+% reduction in customers. That categorization is absurd. It would be like saying if Google c
by jm20 6y ago
There isn’t a single business model out there that can survive a 90+% reduction in customers. That categorization is absurd. It would be like saying if Google can’t survive a sudden reduction of 90% of people using the internet it should fail.
You can say what you want about bailouts but saying a “business model is bad” because of a once in a lifetime disaster is ridiculous.
- setpatchaddress 6y agoTwice in a lifetime, if you were born before September 2001.
- rhino369 6y agoThis is way worse than 9/11 for the airlines. Probably an order of magnitude worse.
- deleted 6y ago[deleted]
- cwhiz 6y agoPlenty of businesses keep many months of runway in cash for emergencies. Airlines spent 96% of their free cash flow, over the span of a decade, buying back their shares. Since you mentioned Google, they have over $100 billion in cash and could easily survive an interruption of this magnitude. Google could go to $0 in revenue and survive for many years. Having cash for an emergency is what a well managed and responsible business should do. Airlines don’t have any money because they were poorly run and greedy. Let poorly run and greedy businesses fail.
- slovette 6y agoThis. While the amount of runway can be debated, the sheer number of American powerhouse businesses that saw a single month of dipped revenue and started screaming for possible bankruptcy showed A LOT. The way we do business today is casually over leveraged and sold as normal. We are not building stable, 100-yr organizations that support people and their livelihoods. We’re building huge ATM machines that siphon massive amounts of future opportunity from a 1000 people and exchanges it for massive short term gain for 1-100 people.