4 ms·

Which is completely meaningless. Anyone can sell a bunch of one dollar bills for 50 cents

• compiler-guy 8mo ago
  That was the proper takeaway during Amazon.com’s preprofit stages.
  • raw_anon_1111 8mo ago
    https://en.wikipedia.org/wiki/Survivorship_bias https://en.wikipedia.org/wiki/Survivorship_bias
    • compiler-guy 8mo ago
      A more sophisticated analysis would involve checking available capital vs run rate and whether or not there is a viable business underneath.
      • raw_anon_1111 8mo ago
        An even less sophisticated analysis would know that it doesn’t matter if their marginal cost > marginal revenue… What next? Are you going to say look at where Apple was pre Jobs as evidence? So all they have to do is resurrect Jobs from the dead and let him take over Waymo? There is a reason that “look at Amazon!” is meaningless