Politicians who say that no one can become a billionaire without cheating are effectively saying that no company can make $200 million a year in profit without cheating. (A startup making $200m might be worth around $7b, and a founder might own 15% = $1b.)
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Replying to @paulg
No company can make $200 million a year in profit *FOR 30 YEARS STRAIGHT* without cheating. Otherwise, valuation would be much lower.
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Replying to @theSamParr @paulg
No, it cannot. In fact, it hasn't made $200m for a single decade yet and it is decaying fast.https://www.foxbusiness.com/technology/craigslist-revenue-fell-analysts-ok …
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Replying to @limits_stop @paulg
Craigslist is nearly 30 years old. For the second half of that, they’ve made many 9 figures in revenue with a dozen or so employees. I used to work out of their office.
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Replying to @theSamParr @paulg
Sorry if I was ambiguous. I meant Craiglist hasn't been making $200m yearly for a single decade now, even less so for 30 years. It's hard to see how they'll survive with current competitors, which is the usual environment when you're not cheating. Unlike Google (monopoly).
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Replying to @limits_stop @paulg
But they have made that for over 10 years. And like google, they’ve not broken rules, they just have the best product. Billions have been raised by startups to beat them. But they can’t. They’re close to monolpoly in many markets.
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Craig’s Newark is a billionaire. Do you think he cheated? If no, billionaires can become billionaires simply by creating a great product.
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