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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap (www.businessinsider.com)
submitted 2 years ago by [M, B] to c/technology@lemmy.world
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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.

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[–] 6 points 2 years ago (1 child)

Not making any profit does not imply running for losses.

Many companies can run for minimal margins, ensuring they can pay staff, stock and services.

Profit is what is left on the table after every expense is paid, including salaries, which usually doesn't reach the workers pockets.

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  • [–] 0 points 2 years ago* (1 child)

    No but companies raising prices to make more money is absolutely related to making profit, and a worker-owned company still has a profit motive.

    Companies being able to run at a loss is a feature of capitalism, not a bug. Most small businesses do not turn a profit for two to three years.

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  • [–] 3 points 2 years ago (1 child)

    If a company sets its mark at not making profit, it does not mean it runs at a loss.

    Was I unclear?

    Profit is what is left after all expenses are paid, including salaries, and a company can run with a non profit objective and still create jobs with fair salaries.

    Profit is the end goal for the so called investors that have no real involvement in the day to day operations of companies and demand quarterly reports with ever increasing revenue.

    If a company makes enough money to pay salaries, replenish stocks and/or provide ita services and pay its daily and monthly expenses it is not running on a loss. Profit is not a requirement for a business.

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