How does spanefeller and g/o have enough money to keep buying properties? All I ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

parpfish on April 7, 2025 | parent | context | favorite | on: What Was Quartz?

How does spanefeller and g/o have enough money to keep buying properties?

All I ever hear about are his decisions that take unprofitable-but-beloved brands and turn them into detestable slop.

Is slop actually that profitable?

api on April 7, 2025 | [–]

It’s almost free to produce, so anything you do make with it is pure margin. Quality media is expensive. Profit is income minus expenses.

brazzy on April 8, 2025 | | [–]

Maybe they're riding the AI hype and burning investor money?

GoRudy on April 9, 2025 | [–]

they dont they've sold nearly everything. pe group that backed them was the source of funding

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact