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by swyx
1413 days ago
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sorry but no way was the relevant revenue number $4b when the asset sold for $250m. unless it was bleeding money, that fails the sniff test. https://www.vox.com/2016/6/28/12050416/jeff-bezos-saving-was... > . The last time total operating revenue for the paper was published, in 2012, it was $580 million; one former executive estimates today it’s probably closer to $350 million. Another Post veteran told me that Bezos said in a meeting that the company’s annual budget, currently around $500 million, will have to be cut by 50 percent over the next three years. there. better. --- edit: jeez, the axios numbers are way off too. they had 60 people in 2018. now it stands between 380 (https://www.comparably.com/companies/axios-media/headquarter...) and 520 (https://craft.co/axios) |
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You can have massive more revenues than your competitors but if you lose a lot of money it’s still not a good business.