Silicon Valley’s business model is a scam
Silicon Valley’s business model is a scam
www.businessinsider.com It’s official: Silicon Valley’s entire business model is a scam
New research reveals that the tech industry uses predatory pricing to crush competitors and bilk investors
There is a discussion on Hacker News, but feel free to comment here as well.
2 comments
tl;dr: reddit
That's a really fucking good write up. It makes total sense, but there are some exceptions like Facebook. Granted, one exception isn't enough to disprove an entire trend. We'll have to look into how these unprofitable companies perform after IPO