It will be validated but that doesn’t mean that the providers of these services will be making money. It’s about the demand at a profitable price. The uncontroversial part is that the demand exists at an unprofitable price.
It will be validated but that doesn’t mean that the providers of these services will be making money. It’s about the demand at a profitable price. The uncontroversial part is that the demand exists at an unprofitable price.
That really is the $800 billion elephant in the room.
This “It’s not about profits, man, it’s about how much you’re worth. The rules have changed. Don’t get left behind,” nonsense is exactly what a bunch of super wrong people said about investing during the .com bust. Even if we got some useful tech out of it in the end, that was a lot of people’s money that got flushed down the toilet.