Re:Levandowski sentenced to 18 months in prison as new lawsu...
by dwrowe on Wednesday August 05, 2020 @08:25AM
(#24060025)
Previous poster didn’t claim billion dollars in revenue - just that to become a billionaire. Take Facebook acquisitions for example - WhatsApp, Oculus - low headcount (less than 500) for multiple billions.
Re:Levandowski sentenced to 18 months in prison as new lawsu...
by CPLX on Wednesday August 05, 2020 @11:21AM
(#24061800)
> low headcount (less than 500)
Indeed. There's a big difference between 1 person and a team of hundreds.
Re:Levandowski sentenced to 18 months in prison as new lawsu...
by dencodev on Wednesday August 05, 2020 @10:49AM
(#24061404)
There are a lot of trusts out there that operate with no full time employees and make billions in revenue. Maybe getting returns on investments isn't really a company, but it's also hard to say something like a hedge fund isn't a company.
Re:Levandowski sentenced to 18 months in prison as new lawsu...
by CPLX on Wednesday August 05, 2020 @11:23AM
(#24061825)
Those trusts earn their money by investing it in enterprises that actually create value through the use of many employees.
I definitely would not describe myself as a socialist (I have an academic background in economics) but it's pretty clear that the labor theory of value is not contradicted in the slightest by citing examples of lone rent-seekers.
Name a company with a billion dollars in revenue that is, or could be, operated solely by someone with a laptop and programming skills.