this post was submitted on 05 Sep 2024
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Technology
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Advertising and advertisers are the reverse midas touch of the internet. Everything they touch turns to shit.
Case in point, just look at reddit.
YouTube is terrible without an ad blocker. The current business model is: bait users with free entertaining content, insert reasonable level of ads, stockholders get mad there isn't exponential growth, really annoy users until they subscribe. I get that companies need to make money, but this cycle seems to be faster than ever now.
The rule is ghat they need to make more money than the year before. A company that need to make money and does would not be an issue. But a company that needs to make more and more each year is the disease.
They didn't need to grow. Current Wallsteet calculation is margin % + growth % => 40%