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by gunshigh 3692 days ago
It might also be why the US had the dot com and unicorn bubble.

And note that Twitter is not, and has never been, profitable.

2 comments

I think I would take the bubbles over relative stagnation.
I would like to disagree with that thought because neither are good options, but regrettably agree.

Would kind of prefer to see more bubbles because then at least you increase the odds of more companies/people to deliver innovation (in the true and non-cliché meaning of the word).

Twitter still seems a more interesting company than most startups I read about across the pond. I can't think of the last say UK based startup that drastically changed my life. I am sure they exist, but I can't think of one right now...
If you're looking from an investor point of view (the audience for different profitability metrics) then even the most vague measure of profitability is more relevant than whether it drastically changes the life of users - it you would want that, then you'd look for the charities with most impact per dollar instead of gifting that money to finance the burn rate of an unprofitable (but interesting) tech startup.