it has a business model, it’s just not the old one where you make something you sell to turn a profit.
it’s the one where you sell a dream to investors and then you have already made a lot of money. actual customers and some semblance of a product come into this eventually, but they’re peripheral things.
imagine selling stock in a company selling shovels to get stock in a company that has no business model
it has a business model, it’s just not the old one where you make something you sell to turn a profit.
it’s the one where you sell a dream to investors and then you have already made a lot of money. actual customers and some semblance of a product come into this eventually, but they’re peripheral things.
Actually, it might be simpler than that. They’re very clearly angling for a government bailout now.
An innovative new method of converting shovels into thermal energy by setting them on fire.