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by RyanAdamas
777 days ago
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>I don't care if we burn $50B a year... Neither have any other tech loss leader businesses designed to create barriers to entry though sheer size of war chests. Amazon lost money on retail for decades, Google lost money on tons of side projects as a means of hiring talent away from would be start ups. Wall Street doesn't care about fundamental value, it cares about capital gains realized through 'too-big-to-fail' structures which require high barriers to entry and require gross revenue to justify overinflated valuations (which have zero restrictions). |
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