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Cake day: July 26th, 2023

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  • It was fine until “the adpocalypse”, when advertisers pulled their ads because they were being shown with offensive videos.

    While YouTube has been trying to fix the problem the quality of the ads has reduced. So many advertisers now only go through sponsorship, which doesn’t give any share to YouTube.















  • psud@aussie.zoneto196@lemmy.blahaj.zoneREMOVED
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    26 days ago

    Amazon: people like books; people like next day delivery of stuff; people and companies like making stuff and running stuff in Amazon web services

    Minecraft: Marcus Persson owned the game studio (and wrote quite a bit of the game) that made Minecraft, lots of people like it, Microsoft was willing to buy it for billions

    Kiran Mazumdan-Shaw made beer, people like beer. They then used beer making processes to make biotech medicines - people like being alive and will pay a lot to stay alive, or even just a bit healthier


  • psud@aussie.zoneto196@lemmy.blahaj.zoneREMOVED
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    26 days ago

    There have been a couple (or maybe one or a few) that started with very little. A lot more had a gift or loan from a parent for enough to buy land or start a business, often that was less than $100,000

    As much as Musk’s family had money before, his initial big money came from his share of his brother and his city guide software “zip2” which they sold to Compaq for a few hundred million. Lots of people have made more complex or bigger programs with no more wealth than an average middle class family.

    Then x.com (the 1999 one, a bank) which became part of PayPal which sold to eBay for $1.5 billion which Musk got a share of

    Then he made SpaceX then Tesla* and Tesla made him a billionaire through his ownership of a large part of it

    *Tesla was made of Musk’s money and A/C Propulsion electric vehicle conversion system. It was incorporated with SpaceX’s incorporation papers with the company name changed. A/C propulsion’s drivetrain was replaced by a new system after a year of production of the roadster


  • psud@aussie.zoneto196@lemmy.blahaj.zoneREMOVED
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    26 days ago

    Having listened to ‘good bad billionaire’ for several episodes the formula is

    1. Create or inherit a company
    2. Do good at it
    3. Float it on the stock exchange
    4. Now own the bulk of a company whose stock values it at enough that your share is worth over a billion

    Or

    1. Make an insanely popular game
    2. Sell it to Microsoft

    Or

    1. Be the child of someone who did one of the above