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by raverbashing 4089 days ago
Example (though probably not a billion dollars):

https://gigaom.com/2011/01/17/cheezburger-network-gets-30m-f...

Not sure what's the current valuation after this: http://www.geekwire.com/2013/cheezburger-cutting-35-staff-tr...

Of course, people like entertainment, though it's not something strictly necessary.

1 comments

Agreed, it is human nature to want some things that may ultimately be not good (or even actively harmful) for our own well being.

I was just pointing out the fact that there is a difference between "There's no market for X" and "Users of X would be better off doing without, so X should not exist."

The first is a fact, the second is a combination of a judgement of value + a prescription based on that particular judgement. And while there are many useful prescriptions based on judgements, there is a slippery slope that ends up with one small group doing all the judgements and the rest of society enduring the prescriptions. So, it's better to proceed with caution.

(Which itself is a judgement/prescription pair... so take it with a grain of salt, or not)