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A comment on Shopify to lay off 10% of workers in broad shake-up. Parent comment

Re:Shopify to lay off 10% of workers in broad shake-up by oblio on Tuesday July 26, 2022 @10:45AM (#32239019)
> If they truly understood the scam they’d know it doesn’t end where they win.

Why?

[ Parent | on HN ]
Re:Shopify to lay off 10% of workers in broad shake-up by ryanSrich on Tuesday July 26, 2022 @10:57AM (#32239226)
Because you don’t make money by selling access to NFTs. You make money by accumulating over hyped projects and then dumping them on bullish retail, knowing full well that in another 12-18 months that same jpeg will be worth nothing in the resale market.

Transactions on a few thousand NFTs per day is meaningless (yes volumes that low). So there’s no other option than Shopify actually believing NFTs were a real viable, long term business.

[ Parent | on HN ]
Re:Shopify to lay off 10% of workers in broad shake-up by MattGaiser on Tuesday July 26, 2022 @11:08AM (#32239407)
Ah fair. Yes, I think the marketplace builders were truly in on it if they invested a lot of their own money.
[ Parent | on HN ]