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Classic .com “lose money on every unit; make it up in volume”; or “most intelligence operations don’t cover even a percentage of their costs; not bad”?
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Isn’t that true for this entire wave of companies - social media, uber, etc… they’re all losing money. I’m not sure Tik-tok is any different, other than the company is based in China.
The whole web 2.0 edifice is going to collapse sooner rather than later, I think.
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