Quote:
Originally Posted by PepsiFree
The subscriber number is what had value. They were able to stay afloat thanks to investors regularly pumping money in, but they were a money loser.
The ability to bring 1.2 million people into your ecosystem, one where you have the experience and resources to streamline the product, is worth quite a bit. The NYT also bought Wordle for millions of dollars, an app that wasn’t making any money at the time.
How is a Calgary sports podcast going to attract a million subscribers?
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I’m not sure the goal of a Calgary sports podcast started in a basement with 0 overhead is to get bought out by the NYT for a billion dollars.