It could have worked if they weren't leveraged to their necks on spending. All based on the assumption that they can make something like 10x or higher in a few years.
Another point against your gym analogy. When people don't have that much disposable income why would they subscribe to something they semi regularly use? And if it becomes more expensive why would they not cancel it?
> Another point against your gym analogy. When people don't have that much disposable income why would they subscribe to something they semi regularly use? And if it becomes more expensive why would they not cancel it?
I don't see where the difference is with gym subscriptions here.
Another point against your gym analogy. When people don't have that much disposable income why would they subscribe to something they semi regularly use? And if it becomes more expensive why would they not cancel it?