4 ms·
He's a good entrepreneur and a tech guy. What would possess him to invest heavily in a newspaper? It's so far from technology, and it's a dying industry. Memo
by jackowayed 18y ago
He's a good entrepreneur and a tech guy. What would possess him to invest heavily in a newspaper? It's so far from technology, and it's a dying industry.
Memo to anyone thinking of investing in companies: when considering in what field to invest, the word dying should be a huge red flag.
- macco 18y agoHe invested in a free newspaper, not a traditional one. In a speech in Berlin he said that he is always trying to change the rules of the game. By the way newspapers aren't dead, they are just evolving.
- jackowayed 18y agoOh, so it had less revenue than normal. I guess it was a sound investment then. That is cooler, but also not the wisest idea economically. Investing so much of your money based on your ideals rather than because you think it's a good idea is a good thing to do principles/karma-wise, but it does make you more likely to make a bad investment.
- macco 18y agoYeah but that's his attitude. Have a lot of fun. Actually I doubt that can't pay his tall late anymore. This guy probably will have a lot of contacts.
- narag 18y ago"Oh, so it had less revenue than normal." It has less kind of revenues, not necessarily less revenue. I don't know in Denmark, but in Spain free newspapers are flourishing and there's even tough competence (Metro, 20 Minutos, ADN, Que...). They live on ads and are pretty healthy. Edit: In fact, paid newspapers here live more on ads and government aids than nominal price.