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> first major consumer tech brand to launch since Facebook from my recollection, post-FB $75B+ market cap consumer tech companies (excluding financial ones lik
by myroon5 1y ago
> first major consumer tech brand to launch since Facebook
from my recollection, post-FB $75B+ market cap consumer tech companies (excluding financial ones like Robinhood and Coinbase) include:
Uber, Airbnb, Doordash, Spotify (all also have ~$1bn+ monthly revenue run rate)
- scarface_74 1y agoSpotify goes back and forth from barely profitable to losing money every quarter. They have to give 70% of their revenue to the record labels and that doesn’t count operating expenses. As Jobs said about Dropbox, music streaming is a feature not a product
- myroon5 1y agoI listed multiple candidates so disputing one wouldn't dispute my main point ;) Hyperbole to say no major consumer tech brands have launched for decades
- bigyabai 1y ago> back and forth from barely profitable to losing money every quarter I would be shocked if OpenAI was not in a similar (or worse) position.
- degamad 1y agoI would be shocked if OpenAI was profitable in any quarter...
- vessenes 1y agoFair comment, I will not fight you on it. I propose oAI is the first one likely to enter the ranks of Apple, Google, Facebook, though. But it's just a proposal. FWIW they are already 3x Uber's MAU.
- poopiokaka 1y agoThey aren’t making money so they haven’t entered any rank. They have users and revenue but cannot last at current setup. Ticking time bomb