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"Good for Twitter, but this will not translate into any money for Biz Stone, one of the site’s founders, until the microblogging platform is monetized." Umm, t
by mattmaroon 18y ago
"Good for Twitter, but this will not translate into any money for Biz Stone, one of the site’s founders, until the microblogging platform is monetized."
Umm, tell that to the YouTube guys (ironic given that that is the example he uses to make his point). There's no law that says your company has to turn a profit before anyone can buy it.
- LargeWu 18y agoExcept we're not talking selling a site, we're talking about actual operating profit.
- mattmaroon 18y agoActually we're talking Biz Stone's bank account.
- mixmax 18y agoIn the microeconomic sense you're right, in the macroeconomic sense you're wrong. Selling off a company based on users that aren't monetizable is basically a ponzi scheme that just passes the buck to the next idiot in line until it all collapses.
- mklurfeld 18y agoThis might be the truest statement I've read all day
- mattmaroon 18y agoIt's not really a Ponzi scheme because the next guy down the line might find value in it. Ever since Madoff, everyone has inaccurately referred to everything as a Ponzi scheme. It's not. And even if it were, that quote would still be stupid because founders who don't monetize get rich all the time.