doktorhladnjak
Joined 6 years ago
Joined 6 years ago
While the article touches on it here, Microsoft was able to avoid venture capital because it was highly profitable from its very early days. They turned their first profit in 1975, the same year they were founded.
It seems like more companies spend longer amounts of time being unprofitable and growing. How much of that is a zero interest rate phenomenon or the new normal?
Zuck and the leadership there had really spun a positive, world changing narrative to employees.
Traditionally, GM sold other models overseas through brands like Holden or Opel, but these have all been sold off or shut down over the past decade or so except in China. GM now has a much heavier reliance on trucks and SUVs in the North American market. They sell some of those same product overseas still, but in much smaller quantities than before.
This is why I already feel doomed in my 40s. It was hard enough when I was younger and it was supposedly easier.