Technologists in Silicon Valley love to tell artists we need to update our business model.
This is hilarious since each of my businesses have been profitable for decades. Stunning when you look at just how unprofitable these Silicon Valley Companies actually are. Twitter for instance lost $645 million dollars last year. Jaw dropping when you consider that their total revenues were $646 million dollars. They spent 2 dollars for every 1 dollar of revenue. And if you look at their losses they are accelerating.
Source: https://investor.twitterinc.com/releasedetail.cfm?ReleaseID=823321
Now consider the fact that the City of San Francisco also gave them approximately $56 million in tax beaks. This is while the city has been pushing to slash benefits to city workers.
Yes maybe Camper Van Beethoven needs to update our business model to include tax breaks and political cronyism.
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