"How will they make money?" is the wrong question

Post by mijustin » Tue, Jun 11, 2013, 10:32 PM UTC

stevetsuida wrote: post #18

mijustin wrote: post #15

Earlier quoted context omitted.

Everybody seems to keep forgetting about Geocities. They had millions of passionate users who built over 38 million pages on the site. They introduced ads in 1997 and two years later became the 3rd most visited sited on the web . Yahoo acquired them in 1999 for $3.57 billion. Yahoo was unable to further monetize those users. There wasn't some magic money tap they could turn on to make money from the site (despite it'…

I wonder if it's just that the folks who convince their bosses and boards to make bad moves just don't care. It's a subsidized party. Acquisitions mean travel, splashy events, big budgets, and no one remembers who did what or who's to blame for it as long as you stay a few pay-grades outside of the spotlight, and have a new job before the last one craters. Picture generals and arms dealers seducing politicians into v…