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This is not accurate. Time and resources put into making a product does not guarantee or give it any inherent value. Value of products can absolutely be 0 eve
by iepathos 4y ago
This is not accurate. Time and resources put into making a product does not guarantee or give it any inherent value. Value of products can absolutely be 0 even if millions are dropped into its creation if there is no demand or simply infinite supply. I don't think there is infinite supply here, just pointing out this argument about value based on development cost is not accurate.
- therealdrag0 4y agoThere’s also network effects, companies slight provide some things as a loss leader to other things, so the cost of A doesn’t mean A is all the company needs to charge to remain in business if their model uses A’s profits to support B etc.