Losing Money Is the Point

13 pbardea 6 7/31/2025, 3:20:39 PM zachholman.com ↗

Comments (6)

afinlayson · 12h ago
I don't think enough people think about how the current tax / economic system is made up, and we can change it if we collectively work together.
zahlman · 14h ago
This article seems to miss the point of the critique: the valuations (and increases thereof) are absurd given the visible fundamentals. The WNBA's loss doesn't look like an "investment" because it appears to result from declining sales, with no reason making itself apparent as to why sales should increase in the future.

Athletes wearing protest shirts makes me less interested in the sport, not more, no matter what they're protesting for.

As for Apple, the point of the article is that the streaming service was created in 2019 and is still in the red by this much. And it's still unclear (at least to me) why future users of streaming services would suddenly prefer Apple's to the competition, on a scale that would offset that previous loss.

For that matter, this is the first I've heard that Apple has a streaming service that has apparently existed since 2019. How much of that money went into advertising?

JohnFen · 14h ago
I think the article also conflates the concepts of "investment" and "gambling".
toomuchtodo · 13h ago
Speculation is gambling masquerading as investing.
magic_hamster · 11h ago
I think gambling purely on luck (i.e. playing the roulette) is not exactly the same as speculation, and speculation may become less risky the more information you have.
cyanydeez · 7h ago
The article is providing too much good faith.

Companies easily act on the Hollywood accounting. They pay their shell corps to do whatever inflated bills less they want and claim they're losing money.

Investing is just a angle when there might be growth.

Regardless, everyone treats corporations with more respect than they deserve.