Thursday, 21 May 2020
quote [ How did we get to a place where billions of dollars are exchanged in millions of business transactions but there are no winners? ]
After days on top of reading lists may as well post this money burner. You can complement it with … [more]
… this opinion piece on Deliveroo being too successful:
When every customer loses you money, it’s not good news for your business if customer numbers stay solid or even increase, unless there’s someone else who believes that’s a good thing. What these companies rely on is telling a story – largely to people who will invest in them. Their narrative is they’re “disrupting” existing industries, will build huge market share and customer bases, and thus can’t help but eventually become hugely profitable – just not yet.