Last week I posted about Zillow adding a money losing new business where the margins are so thin it’s unlikely they will ever make money… yet their shares went up
They were obviously displaying that much revered strategy of Mark Zukerberg “move fast and break stuff” … in Zillow’s case the stuff may be the bank accounts of their investors but hey, “a fool and his money are soon parted” which sounds like a great investment thesis
Moving on from this is a great article here
It shows four industries broken by tech where the results are much worse than they were pre “innovation”.
And this approach is certainly supported by Larry Page as quoted.
Definitely worth a read to understand how public transport, home appliances, fitness and convenience stores have all be ruined by “tech” moving fast and breaking things