Is 5% a footnote, maybe.
22,049 karma · joined May 17, 2013
prepend.at.hn
Is 5% a footnote, maybe.
10-15x earnings seems pretty massive. But perhaps there is more money in the used lego market than I thought.
They aren’t publicly traded so it’s hard to find out.
It seems like there’s almost no employees and they collect a franchising fee and 6% royalty on the 200+ franchises that BAM claims makes $570k average annual revenue [0].
.06 x 570k x 200 = 6,840,00
So not sure how a $400M valuation comes from $7M/year in revenue.
And this is revenue, who knows what the profit is.
Still, I was surprised there’s 200 franchisees.
Maybe if you spend $2000 on a BigMac. But it’s unlikely you would buy such a burger.
What is a hamburger worth? Don’t look to McDonalds to set the value.
I think it’s a real need that people are overlooking.
I’ve been working to teach my kids how important it is to store important records like taxes, ids, home records, etc in a durable store and just get shrugs and “why would I ever need last year’s taxes?”
I think dropbox’s problem is just and prefer it over having to but storage in microsoft, apple, and google’s walled gardens.
I’ve tried fastmail, protonmail, outlook and they all suck. Gmail is probably the only google account I still use.
“Tokens” don’t have an intrisic cost or value. Saying that I used $2,180.16 worth of tokens is like relying on the salesperson to convince me I’m getting a billion dollars worth of pots and pans for $19.99.
I think it’s funny how we are throwing critical thinking out the window when it comes to evaluating biased sources of info.
Compare this to other things and the value yielded is nowhere as near as better purchases.
Also makes me grateful to live in a developed nation where we can take shipping for granted.
I mind ads because they crowd out less profitable margins and result in worse products. Imagine how nice and useful Google could be if they optimized for search instead of ads.
My guy take is that they are mindrotted by ads into thinking they are good for them. Digital Stockholm Syndrome. Or maybe a Myth of Sisyphus type situation.
I’d much rather have “cheap, dependable, and good enough” over oligarch pricing for what used to be a one time software purchase any day.
I have a friend named Zi in my contacts. For some reason ios kept autocorrecting “I” to “Zi” and would do it too far back for me to notice.
What’s weird is how this is such a dumb bug that Apple usually irons out.
I would have been fine with the touchbar if it just default displayed function keys. Hitting fn+f5 to quicksave is annoying.
Ebola is detectable in semen for a year or longer. [0]
So, first, have sex with people you know well enough to know whether they recently recovered from Ebola (pretty rare), and use condoms. Second, I would expect people’s typical “safe sex” practices will keep them ebola-free.
[0] 10% of subjects in this study had ebola in their semen one year after treatment discharge, https://pmc.ncbi.nlm.nih.gov/articles/PMC7875361/
Plus apple watch, airpods, etc.
I’m think the average pedestrian carries more cash equivalents than at any time in history.
Shows lack of critical thinking and rigor.
Moreso, there’s no google store to go to for help if your google account gets locked.
Of course you can store data on a thumb drive (or hetzner cloud) and use that without a google id. Good luck with that. And it’s not scaleable for billions of users.
Again, apple provides support, google does not. I don’t want my livelihood dependent on a google id.
But they make more profit with high hardware margins AND the app store.
I’m pretty sure they could give phones away for free and cover it from AppStore purchases.
I don’t know the true distribution, but I’d wager the vast majority of the US is served by either a corporation or some non-government organization.
Now I know and it’s 1/7 or about 15% of Americans have government or community owned power. [0]
Big difference from google and microsoft where everything you type and do is being tracked and fed into ads.