Permanently Unprofitable Internet Companies by Augustine Fou
by Dr Augustine Fou on May 25, 2012
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Some companies' revenues are permanently associated with rising cost of revenue to the point where they are permanently unprofitable -- e.g. Pandora makes less ad revenue per play than the licensing ...
Some companies' revenues are permanently associated with rising cost of revenue to the point where they are permanently unprofitable -- e.g. Pandora makes less ad revenue per play than the licensing cost of the song.
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