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A cheap cash bubble that popped a while back, not confined to tech. Reddit and Twitter (and almost all social media) don't provide a service valuable enough to
by gregjor 3y ago
A cheap cash bubble that popped a while back, not confined to tech.
Reddit and Twitter (and almost all social media) don't provide a service valuable enough to get users to pay, so they rely on advertising. Uber does provide a service but prices it below cost to gain market share -- a strategy Amazon followed until they succeeded, but one which Uber probably won't.
You can find plenty of analysis and opinions about the affects of cheap cash and the growth-at-all-cost tech bubble questions, the topic gets hammered to death.