3 ms·

it's fake cash flow based on circular economy

• adventured 18d ago
  Billions of long-term users for the most important technology in human history isn't a premise of fake cash in a circular economy. You might as well pretend there's no money in search or social media. 1999. That Google, it has no serious business model, it'll never make real money. Hello GoTo. 2006. That Facebook, it has no serious business model, it'll never make real money. One more: 2020. That Uber, I could clone an MVP and kill them over the weekend if I really wanted to. That's a side project at best. They're bleeding to death anyway, losing money hand over fist, they'll never make it. They have no moat at all.
  • phtrivier 18d ago
    Was google already selling ads in 1999 ? Because before that, NO, they did not have a viable long term economic model.
    • r4rf 18d ago
      Funny thing is, they stated their reason for existence was because ad-based revenue models would corrupt search quality. Funny that!
      • mirekrusin 18d ago
        Same as our OpenAI friends, who founded a non-profit because one company (Google) holding AGI would be dangerous for humanity. Turns out it's only dangerous when it's somebody else's company. When it's yours, it changes things slightly.
      • signatoremo 18d ago
        Eh. You’d have to clarify that. Google get started because other search engines at the time sucked. I had a soft spot for Ask Jeeves, but it was clear Google was better. Advertising is the monetizing strategy from early on. AdWords came to be in 2000. Nothing fuzzy about that.