Eniko FoxApr 28

i really think people need to understand what revenue is. if i promise to pay people 20 euros if they give me 5, and 100,000 people take me up on it, my revenue is legitimately 500,000 euros

my operating expenses however are 2 million and my losses are 1.5 million

Show threadEniko FoxApr 28

is that a good business model? i don't know, look at all that revenue i'm making! please pay no attention to the fact that i'm literally burning cash to make a number that looks nice on paper

this is a post about AI companies

Show threadJari Komppa 🇫🇮Apr 28

@eniko If it's your money, it's not a good business model.

However, if it's someone elses money, it's a great business model.

Show threadAdriano

@sol_hsa @eniko

"And what is good, Phaedrus,And what is not good—Need we ask anyone to tell us these things?"

Apparently we do.

Apr 28 at 1:42pmWeb
Show threadJari Komppa 🇫🇮Apr 28
@adriano @eniko Don't forget that you can get a tax write-off out of the losses you made!
Show threadAdrianoApr 28
@sol_hsa @eniko I know you're being sarcastic, but still, I'm kinda tired of reading about "scamming" as "good" or "great".
Show threadJari Komppa 🇫🇮Apr 28

@adriano @eniko Who's being scammed?

Let's say I run a large business, and I fund eniko's thing, I get to write off some losses, and if eniko's thingy pushes my stock value higher due to PR value or whatever, everybody wins.

Except maybe the stock owners, but everything's relative.

Show threadAdrianoApr 28

@sol_hsa

Wait, before you go all "it's a great business model" and now you ask this?
The "someone elses" you took the money from. Also taxpayers if you claim tax write-offs. For a generous interpretation of "scamming", but not really that generous.

But I'm tired. I don't want to discuss this further. Muting you.