I think the last couple of years have sown & grown the seeds of concern around some of these buzzy "valuations" for businesses that are years into their execution stage, burning more cash then they make, and still appear to have no path towards addressing that scenario.
The preferred business model still appears to be: 1.)Grow large enough that you can buy your competition and establish a monopoly or 2.)Become large enough that your competition acquires you.
I haven't seen many recent successful pivots from those two stages into a sustainable, long term business.
And even if you are monopoly it will always be seen as something to disrupt. Take 30%, someone calculating that hey we might do same for 20% and they might manage for a while. And this could keep happening...
de Blasio’s executive budget proposal has NYPD funding at $5.13 billion for the 2022 fiscal year, ~$230 million more than the budget adopted last year for this fiscal year.
You're accidentally arguing that providing more funding to a multi-billion dollar government union ("fiscal conservatism") doesn't reduce crime. Maybe take a deep breath before you regurgitate your comment the next time.
Just so we are clear: the defunding was massive, and it happened in 2021. Here's [1] the latest budget report for NYPD. Please check page 1:
- Actual spendings for 2019: $5.98 BN, for 2020: $6.09 BN
- Plan for 2021: $5.35 BN, for 2022: $5.42 BN
The actual quote from the report, a few lines below the main chart: "The budget for the current fiscal year is $5.35 billion – the lowest figure since Fiscal 2016, a result of reforms aimed to lower City spending on policing".
NYPD are useless. I saw a tourist collapse in the middle of the street once in flatiron and when I tried to notify the closest cop he couldn't be bothered. A friend of mine got kicked in the face by a crazy person, tried to report it to a nearby cop and the reaction was the same.
They would rather go after protest leaders and protect statues.
Walk around Times Square these days and people are out in the open dealing and using drugs right in front of the police. I witnessed this myself yesterday.
11 comments
[ 2.0 ms ] story [ 27.8 ms ] thread> The apps failed and bought each other, and now three giants remain: DoorDash, Uber Eats, and Grubhub-Seamless
"failed", this line of thinking has always been confusing to me given Doordash is valued at 70B and Grubhuhb at 20B
The preferred business model still appears to be: 1.)Grow large enough that you can buy your competition and establish a monopoly or 2.)Become large enough that your competition acquires you.
I haven't seen many recent successful pivots from those two stages into a sustainable, long term business.
After they been defunded and got all the public flogging in 2020? Good luck defending yourself now, we are on our own.
de Blasio’s executive budget proposal has NYPD funding at $5.13 billion for the 2022 fiscal year, ~$230 million more than the budget adopted last year for this fiscal year.
You're accidentally arguing that providing more funding to a multi-billion dollar government union ("fiscal conservatism") doesn't reduce crime. Maybe take a deep breath before you regurgitate your comment the next time.
- Actual spendings for 2019: $5.98 BN, for 2020: $6.09 BN
- Plan for 2021: $5.35 BN, for 2022: $5.42 BN
The actual quote from the report, a few lines below the main chart: "The budget for the current fiscal year is $5.35 billion – the lowest figure since Fiscal 2016, a result of reforms aimed to lower City spending on policing".
[1] https://council.nyc.gov/budget/wp-content/uploads/sites/54/2...
They would rather go after protest leaders and protect statues.