So there sat this new building. Just this huge, cavernous waste of money, a monument to a corporate unwillingness to change course in the light of new information.
Kind of somes up twitter as a whole. Something someone once thought was a good idea, plowed through with VC funding, failed as a business and still treading along till it was finally acquired and taken out back.
Twitter was profitable in 2019, but then the VCs force-fed it some more "funding" so that it could "grow".
Reddit has suffered the same sick fate.
It's not enough to be a Fortune 500 company, you have to shoot for #1 on the stock market or die trying. I guess it's more fun to be a billionaire on paper for a while than to have to run a legitimate company.
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Kind of somes up twitter as a whole. Something someone once thought was a good idea, plowed through with VC funding, failed as a business and still treading along till it was finally acquired and taken out back.
Twitter was profitable in 2019, but then the VCs force-fed it some more "funding" so that it could "grow".
Reddit has suffered the same sick fate.
It's not enough to be a Fortune 500 company, you have to shoot for #1 on the stock market or die trying. I guess it's more fun to be a billionaire on paper for a while than to have to run a legitimate company.