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The argument is that without cheap money, Google/FB's customers wouldn't have the cash to plow into ads.
by NhanH 4y ago
The argument is that without cheap money, Google/FB's customers wouldn't have the cash to plow into ads.
- Retric 4y agoApple, Netflix, Amazon, and Microsoft aren’t advertising supported and while Google does profiting from cheap money Google’s margins are insane. So, they can take a significant reduction in revenue without changing their business model. I keep getting YouTube adds for the same kind of things I have seen on TV. Tide pods, dish soap, toilet paper etc alongside Door Dash’s attempt to recruit workers. They would definitely make less money without door dash but not enough to matter. Much like how startups keep splurging on Super Bowl commercials but the Super Bowl would still make lots of money without them.