"MoviePass is my favorite business because I, the consumer, happily took the clueless executives’ money for my own personal benefit. It was awesome for me, but it sucked for them."
It wasn't the money of the executives, it was investor money, and none of these people were clueless. Building market share by massive "deficit spending" is how many companies became huge in the past decades. Of course most of those who attempt it fall by the wayside, but money is cheap these days and those who do not take advantage of that fact will have trouble competing.
It wasn't the money of the executives, it was investor money, and none of these people were clueless. Building market share by massive "deficit spending" is how many companies became huge in the past decades. Of course most of those who attempt it fall by the wayside, but money is cheap these days and those who do not take advantage of that fact will have trouble competing.