I get that, but who would want to buy a company that's never been profitable? It smacks of a scam. "Hey, bro! Buy my company! It never managed to make any money for me, but it'll be highly profitable for you!" Sounds like the company founder is looking to pull a fast one and laugh all the way to the bank while their investor is left holding the bag.
The only way I can see this working is if the idea is to build a large user base by offering a good user experience, i.e. not monetizing the platform very much, just enough so that it barely pays for its own operating costs. Then you sell that user base to someone else for the express purpose of shoving tons of ads down everyone's throat. In that case it's still a fast one, only in this scenario the users are the victims. But even then I'm skeptical. If that's the plan, why sell the company instead of enshittifying your platform yourself?
If the company can be made profitable, why isn't it? Why wouldn't the current owner rake in some profits before selling? Surely a company that is already profitable would be even more attractive for buyers.
it's a lot easier to find someone who thinks they can do it than it is to actually successfully do it yourself
That's pretty much what I said, though. That's the core of the scam. You sell something you know to be worthless to someone too ignorant to understand that. Maybe I'm just extremely ignorant and naive in matters of business, but selling a fake company like that seems no different than selling pyrite to someone who can't tell it apart from gold.
Both! Critically, the contents of box B depend on the machine's prediction, not on whether it was correct or not (i.e. not on your subsequent choice). So it's effectively a 50/50 coin toss and irrelevant to the decision-making process. Let's break down the possibilities:
Machine predicts I take B only, box B contains $1B:
I take B only - I get $1B.
I take both - I get $1.001B
Machine predicts I take both, box B is empty:
I take B only - I get nothing.
I take both - I get $1M.
Regardless of what the machine predicts, taking both boxes produces a better result than taking only B. The question can be restated as "Do you take $1M plus a chance to win $1B or would you prefer $0 plus the same chance to win $1B?", in which case the answer becomes intuitively obvious.
It’s an unprecedented – and massive – experiment: Since 2017 the U.S.-based charity GiveDirectly has been providing thousands of villagers in Kenya what’s called a “universal basic income” – a cash grant of about $50, delivered every month, with the commitment to keep the payments coming for 12 years. It is a...
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The Ark of Bukhara is a spectacular-looking fortress located in Uzbekistan, built 1,500 years ago (lemmy.world)
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It’s an unprecedented – and massive – experiment: Since 2017 the U.S.-based charity GiveDirectly has been providing thousands of villagers in Kenya what’s called a “universal basic income” – a cash grant of about $50, delivered every month, with the commitment to keep the payments coming for 12 years. It is a...