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by capableweb 908 days ago
> provide a good or service

> profit from doing so

Is the first actually a requirement? I can think of plenty of companies that do the second part well, but have nothing to do with the first one.

3 comments

Look at the corporate raiders of the 1980s. Firing people, loading up a company with debt. And taking them bankrupt makes a ton of money for private equity. No product required, immensely profitable!
Yes? What company makes money without providing goods or services to someone?
Patent trolling. Domain flipping. Just two I can think of in 30 seconds, I'm sure there are more out there :)
> Patent trolling. Domain flipping. Just two I can think of in 30 seconds, I'm sure there are more out there :)

In the vast sea of companies, those are a super teeny tiny share of companies.

Both provide services.
Ok, lets hear you argue for what service a patent troll provides.
They provide a license to said patent? Pretty obvious - this is not to say that patent trolls are good, though.
If you're licensing a patent to others with reasonable terms, it's not a patent troll.

I understand you think they provide a service since you seem to not understand what a patent troll is.

As a reminder, a patent troll company is a company "that attempts to enforce patent rights against accused infringers far beyond the patent's actual value or contribution to the prior art" (https://en.wikipedia.org/wiki/Patent_troll)

They don't sell any services, don't do any (reasonable) licensing, nor provide any goods.

Seems like if you've only come up with patent trolls, then "plenty of companies" doesn't apply. Patent trolls weaponise the legal system against other companies. They exist because the government can't make a good enough patent system.

They don't seem to be significant enough to the overall general statement that companies exist to serve their customers with goods and/or services.

> Seems like if you've only come up with patent trolls

I'm not sure how valuable it is to argue with someone who cannot read two messages up in the message hierarchy...

Comcast?
Comcast provides plenty of services?
Have to admit, my first reading missed the word “or”, and both AT&T and Comcast came immediately to mind.
It would seem my joke about their reliability didn't land.
You're misreading the text. They said "provide A good OR service", they're not saying "provide good service".
I don't think so, I read and understand the "OR" in there.