181–190 of 245 posts
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Cryptocurrency seems like another.
It allows miners in poorer parts of the world to resell their electricity at massive profit to more wealthy parts of the world.
Pump and dumps are also wealth redistribution.
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It is even more basic than that. Amazon, Uber, Netflix, and almost any other successful and established business creates value. MoviePass is not creating value and is simply trying to purchase its way into being a middleman between theaters and theater goers. If their pricing structure ends up showing the slightest chance of generating more revenue for the theater industry as a whole, there is nothing stopping the th…
As a Moviepass subscriber, they create a lot of value for me. I can go to any movie I want at any local theater. That is a lot better than subscribing to five different plans, one for each theater.
> But it also reflects the willingness of shareholders and deep-pocketed private investors to keep fast-growing upstarts afloat long enough to conquer a potential “winner-take-all” market. That's the gamble. Destroy competition, get lock in, become a monopolist and the free market is your money printing machine. If regulators had teeth to break up such monopolies, we wouldn't be seeing these gambles, and maybe more h…
The reason enterprise tools tend to be “worse” is because the stickiness is arbitrarily enforced instead of being rooted in reality. Uber/lyft are non-sticky because theyre basically the same.
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Not really could just have tiered prices 6.99 for weekdays before 5:30, 9.99 after - and say 12.99 at the weekends/holidays. For example my local VUE in the UK I can get a ticket on Mondays for less than $6 full price is $16 I suspect that its the paying up front for a year when a substantial majority of its customers wont goto the cinema
Moviepass is an all you can eat subscription. The UK has those - Cineworld and Odeon both do them. But the point is that they're significantly more expensive than Moviepass is, and the price of quite a few individual tickets (they're usually £35/40pm, which is $50-60 US). And they're run by the chains themselves so they have less infrastructure cost to check for fraud. That's what I meant by integer multiples. If Mov…
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No, I think the key difference with Amazon is that they aren't losing money on each individual transaction - ie selling everything at a loss. Amazon's non-profits were due to aggressive reinvestment, not pricing.
This is so suspicious though. Apple somehow managed to become a bigger company by revenue and profit while being profitable most of the way up. There is a lot of trust here that Amazon is secretly really profitable not just growing because their profit margins are unsustainably low. It wouldn't be the first time a large company engaged in questionable accounting if it turns out their unit numbers are actually not as…
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It is even more basic than that. Amazon, Uber, Netflix, and almost any other successful and established business creates value. MoviePass is not creating value and is simply trying to purchase its way into being a middleman between theaters and theater goers. If their pricing structure ends up showing the slightest chance of generating more revenue for the theater industry as a whole, there is nothing stopping the th…
As a Moviepass subscriber, they create a lot of value for me. I can go to any movie I want at any local theater. That is a lot better than subscribing to five different plans, one for each theater.
> The king of money-losers, of course, is Amazon, which went years without turning a profit. Instead, it plowed billions of dollars back into its business The key difference with Amazon is that Amazon could choose to be profitable at any time- just raise prices ever so slightly, reducing growth in customer demand, and the stop building out its enormous logistics empire and new businesses. Amazon could have had profit…
Raising prices would solve lots of problems for Amazon. They’d lose some market share, reducing the monopoly accusations. Most likely companies are going to face increasing pressure to do something about inequality levels, so maybe a $5 / hour (hopefully more) pay raise for their 28k a year warehouse workers could also be in the store.
But in reality many companies are producing/exporting under cost, because it results in cashflow. To "conquer market-share".
It also means that at some point interest rates will rise ever-so-slightly and boom the whole thing will stop in a matter of a few months and we'll see 10% inflation in quite a few products and an absolute disaster in the stock and bond markets.
But in reality inflation is already here. The money has been printed. Governments have given it to their favorite banks, and financed their own careers ahem I meant government programs with it. Banks have given this in loans to everyone (because governments demanded they do this), and those managers have "invested" it in growth.
In reality of course, the vast majority of those managers and governments have no idea how to grow the economy (in fact, according to secular stagnation theory it hasn't really grown, for individuals, since ~1980-1990 depending on where you are in the world). So it's just been invested in unnecessary capacity expansion, making products they have no hope in hell of selling at the normal price, or just outright into financial constructions.
These things will have to be paid, and they will have to be paid by the customers. So the cause for price increases has occurred in the past, but people have used loans to stave off the consequences of their decisions on a large scale. So inflation is already here, and done, it's just suddenly it will need to explode.
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As a Moviepass subscriber, they create a lot of value for me. I can go to any movie I want at any local theater. That is a lot better than subscribing to five different plans, one for each theater.
Well you can just subscribe to the theater closest to you. Why would you want to go to the ones across town?