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by janoc 2440 days ago
Sorry but if someone thinks that throwing money at a software company with equally poor business fundamentals would work then they are completely deluded too.

Even software companies fail and don't make much profit to speak of. Just look at all that cryptocurrency/blockchain nonsense.

If your business is losing money and, worse, has no meaningful way to stop losing money, it makes no difference whether you are selling software, services or renting office space or running a taxi business. It will fail.

1 comments

Correct me if I'm wrong but... Instagram & Twitter were both unprofitable for a REALLY long time.

Instagram got bought by Facebook and eventually became an ad network.

Twitter eventually, after nearly a decade of not making a profit, made a profit.