A company’s value is determined by its profitability and the dividends it returns to investors.
A company's value is determined by its profitability and the dividends it returns to investors.
A company's value is determined by its profitability and the dividends it returns to investors.
The fundamental nature of platform businesses is that they are capital-intensive. You need to burn money upfront until people recognize your value, get used to you, and ultimately make you their gateway.
The competition is too brutal; it's hard for winners to maintain their humanity.