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"Within a month HMA had hundreds of thousands of users around the world, and revenues of £15,000 per annum." Which means that he would have been losing money l
by downandout 11y ago
"Within a month HMA had hundreds of thousands of users around the world, and revenues of £15,000 per annum."
Which means that he would have been losing money like crazy on bandwidth, and yet the article says he had no investors. Obviously the business survived and was successful, but I have an extreme dislike for articles that leave out or misrepresent crucial details either for the sake of simplicity or out of sheer ignorance.
- jotm 11y agoI used HMA ~2 years ago. The speeds were throttled, it's entirely possible they saved a lot of money that way. Also, xxx,xxx of users and 15,000/annum? The service was $10/month back then, I'd imagine the number should be way higher for hundreds of thousands of users...
- downandout 11y agoThe service was free back then.