3 ms·

1833: first known case of "lose money on every sale but make it up on volume." Amazing. Birth of postmodern capitalism right there. https://barrypopik.com/blog

1833: first known case of "lose money on every sale but make it up on volume." Amazing. Birth of postmodern capitalism right there. https://barrypopik.com/blog/we_lose_money_on_every_sale_but_make_it_up_on_volume https://barrypopik.com/blog/we_lose_money_on_every_sale_but_...

oytis 1y ago
It was a joke back then, not a real business model
- rsynnott 1y ago
  The 1933 one is a joke about a real phenomenon (the 1833 example is just a joke about false advertising).
  - dr_dshiv 1y ago
    Was it? Both seemed real, and both seemed a joke. That’s kind of the weird majesty of the whole concept.