I think they are selling hardware on reduced price so they can make money on cloud services. And by spying and selling customer data.
The problem is that investors want to invest in data collection, not in making new hardware and service.
While being right about crypto being meaningless for some people (I guess there are people valuing hope in decentralized monetary system, even if it is misplaced.), you failed to mention that most of other industries are equally meaningless and good part of them are even harmful: fashion, fast food, industrial food, banking - in a way we have it, cars in current form(no need for this huge tanks)…
In comparation crypto is just wasteful and isn’t harming anyone.
While title is click bite, they do say right at the beginning:
*Right now, it is pulling through only because of Microsoft’s $10 billion funding *
Pretty hard to miss, and than they go to explain their point, which might be wrong, but still stands. 700k i only one model, there are others and making new ones and running the company. It is easy over 1B a year without making profit. Still not significant since people will pour money into it even after those 10B.
I always wondered why they haven’t been doing it from the start, seams like it is not as simple as I imagine.
People will take it, there is no other option and G is working hard not to allow another video platform.
Problem is ads they are playing are awful and loud. We will make way to silent them and black them out, it is not hard.
Bigger problem is content they are pushing is getting bad and is pushing creators into burnout. And I don’t want to see videos companies are creating, but want individual contributions.