Jack’s magic coffee shop posted their latest financial results today.
As suspected, the social media company Twitter said revenue for the first quarter totaled $1.2 billion (+16%). However, costs and expenses totaled $1.33 billion (+35%), resulting in an operating loss of $128 million. (link)
Another unsustainable result for a company that doesn’t make a profit yet continues to operate. I digress…
REPOST WARNING – The metaphorical Jack had a great idea, open a coffee shop where the beverages were free and use internal advertising as the income subsidy to operate the business. Crowds came for the free coffee, comfy couches, fellowship, conversation and enjoyment.
It didn’t matter where Jack got the coffee, how he paid for it, or didn’t, or what product advertising the customers would be exposed to while there. Few people thought about such things. Curiously, it didn’t matter what size the crowd was; in the backroom of Jack’s Coffee Shop they were able to generate massive amounts of never-ending free coffee at extreme scales.
Over time, using the justification of parking lot capacity and township regulations, not everyone would be able to park and enter. Guards were placed at the entrance to pre-screen customers. A debate began.
The first quarter result was an annualized rate of negative 1.4 percent, meaning the U.S. economy is shrinking. However, this should not come as a surprise as the primary driver of our GDP is consumer spending. With everything costing more, less stuff is purchased. Less stuff purchased leads to less stuff generated.
Poland is obviously the primary target for retaliation here, as the NATO alliance is using Poland as the gateway for arms deliveries into Ukraine.
The 78-page
Previously the Cybersecurity and Infrastructure Security Agency (CISA) announced a new Dept of Homeland Security priority to combat disinformation {