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That's the value of the stock, which is distinct from the quality of the product. You can make a lot of money selling bad products for a high price. (At least i
by TZubiri 2y ago
That's the value of the stock, which is distinct from the quality of the product. You can make a lot of money selling bad products for a high price. (At least if they are bad for users but good for businesses)
- shadowgovt 2y agoI'm sure there are different ways to compute value, but I'm having a hard time finding one where they're a flop. - cash on hand: $17 billion - revenue 2024: $62 billion - total employees: 294,000 - Fortune 500 ranking: 63rd. - total customers: hard to estimate, approx. 100,000 worldwide How are we defining 'flop' in this context? The metrics don't seem to show it.
- TZubiri 2y agoSuppose they have an amazing sales team and shit software.
- shadowgovt 2y ago... then they're wildly successful. It seems the key takeaway here is "You can write just-good-enough software, sell it well to people for whom it solves real problems they have, and succeed." Probably something all of us in the venture, startup, service-sector-tech space could stand to learn.