Current Affairs Elon Musk
- Thread starter ReiRei
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abelard
Player Valuation: £35m
the 75 Cent Dollar Store, but for cars
https://www.nytimes.com/2018/05/16/technology/moviepass-economy-startups.html
I’ve got a great idea for a start-up. Want to hear the pitch?
It’s called the 75 Cent Dollar Store. We’re going to sell dollar bills for 75 cents — no service charges, no hidden fees, just crisp $1 bills for the price of three quarters. It’ll be huge.
You’re probably thinking: Wait, won’t your store go out of business? Nope. I’ve got that part figured out, too. The plan is to get tons of people addicted to buying 75-cent dollars so that, in a year or two, we can jack up the price to $1.50 or $2 without losing any customers. Or maybe we’ll get so big that the Treasury Department will start selling us dollar bills at a discount. We could also collect data about our customers and sell it to the highest bidder. Honestly, we’ve got plenty of options.
If you’re still skeptical, I don’t blame you. It used to be that in order to survive, businesses had to sell goods or services above cost. But that model is so 20th century. The new way to make it in business is to spend big, grow fast and use Kilimanjaro-size piles of investor cash to subsidize your losses, with a plan to become profitable somewhere down the road.
Over all, 76 percent of the companies that went public last year were unprofitable on a per-share basis in the year leading up to their initial offerings, according to data compiled by Jay Ritter, a professor at the University of Florida’s Warrington College of Business. That was the largest number since the peak of the dot-com boom in 2000, when 81 percent of newly public companies were unprofitable. Of the 15 technology companies that have gone public so far in 2018, only three had positive earnings per share in the preceding year, according to Mr. Ritter.
https://www.nytimes.com/2018/05/16/technology/moviepass-economy-startups.html
I’ve got a great idea for a start-up. Want to hear the pitch?
It’s called the 75 Cent Dollar Store. We’re going to sell dollar bills for 75 cents — no service charges, no hidden fees, just crisp $1 bills for the price of three quarters. It’ll be huge.
You’re probably thinking: Wait, won’t your store go out of business? Nope. I’ve got that part figured out, too. The plan is to get tons of people addicted to buying 75-cent dollars so that, in a year or two, we can jack up the price to $1.50 or $2 without losing any customers. Or maybe we’ll get so big that the Treasury Department will start selling us dollar bills at a discount. We could also collect data about our customers and sell it to the highest bidder. Honestly, we’ve got plenty of options.
If you’re still skeptical, I don’t blame you. It used to be that in order to survive, businesses had to sell goods or services above cost. But that model is so 20th century. The new way to make it in business is to spend big, grow fast and use Kilimanjaro-size piles of investor cash to subsidize your losses, with a plan to become profitable somewhere down the road.
Over all, 76 percent of the companies that went public last year were unprofitable on a per-share basis in the year leading up to their initial offerings, according to data compiled by Jay Ritter, a professor at the University of Florida’s Warrington College of Business. That was the largest number since the peak of the dot-com boom in 2000, when 81 percent of newly public companies were unprofitable. Of the 15 technology companies that have gone public so far in 2018, only three had positive earnings per share in the preceding year, according to Mr. Ritter.
He's becoming as bad as Peter Thiel
https://www.cnet.com/news/elon-musk-plans-to-create-site-for-public-to-rate-the-press/
https://www.cnet.com/news/elon-musk-plans-to-create-site-for-public-to-rate-the-press/
Keep your hands off my Grimes you big weirdo
Good to see people finally calling out this smoke-n-mirrors twit.
https://www.vox.com/the-big-idea/20...sla-valuation-bubble-model-3-promises-reality
https://www.vox.com/the-big-idea/20...sla-valuation-bubble-model-3-promises-reality
Bloody hell... I'm in love!
But in all seriousness, he's a crackpot. Seemed to imply some anti-Semitic nonsense on Twitter the other day, asking someone if they even knew who owns the media. All the alt-right/far-right bellends jumped on it, lapped it up.
coollino
Player Valuation: £80m
People like him really are my worst nightmare.
An arrogant, slimy tech bro. It's like the new generation of 1989 Wall Street Traders
We’ll see if he has better luck solving Flint’s water issues
https://www.wired.com/story/elon-musk-flint-water-plan/
coollino
Player Valuation: £80m
Still, it's his scatter gun approach that completely disregards local laws and advice. Just bumbles in.
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