What’s next: Reddit is likely to go public next week.

    • thantik@lemmy.world
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      8 months ago

      Yes it does. Hammers are like $0.20 to make, and sell for like $6. And they don’t cost millions to keep working either. This isn’t the example you think it is, hahaha.

      • Carighan Maconar@lemmy.world
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        8 months ago

        Plus even if you just look at it as a tool, it does turn a profit, via being a tool. That’s why a business gets a few, despite them originally costing them money. There’s expected value in the hammer. It exists, physically, and it has turned a profit plenty before.

        • WraithGear@lemmy.world
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          8 months ago

          My intention is that the value of the thing is what it can be used for. Its a tool that can be used to spread propaganda, and control the narrative. For the owner it’s a means to an end. Guess i should have clarified.

          • Revan343@lemmy.ca
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            8 months ago

            That works for privately owned companies-- the current example is Twitter, which is useful for pushing propaganda.

            It doesn’t work for publicly owned companies, because public investors are only interested in profitting

    • Aphelion@lemm.ee
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      8 months ago

      A hammer is not a company that has created and maintained a product platform that requires a cash-flow to keep funding development and keep the servers up.

      • WraithGear@lemmy.world
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        8 months ago

        I was intending to use it as a metaphor. Meteors usually are not the exact thing they describe. Its goal doesn’t have to be a thing that turns a profit, when it can be used as a tool in other ways. I didn’t do a good enough explanation of my meaning

        • HootinNHollerin@lemmy.world
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          8 months ago

          Ah was joke reference to the Mad Money tv show stock investor guy, who notoriously has a following of people who invest the opposite of what he recommends