Disappointed by QC
If all these online platforms only offer distribution through ads and nothing else, it has to be one of the least creative ways to spend VC money just to become another ad platform.
Same goes for Amazon/FK too, their platform fees aren't enough so they end up pushing their ads on businesses. No ad spend = no sales, same story on Google and Meta platforms too.
Ultimately these platforms will also dictate stupid terms on businesses and customers just like Amazon, meta, FK etc currently do.
All these platforms will slowly kill organic reach for brands until buying their ads is the only way to sell anything in the market. Pathetic tbh.
Ofcourse there are no margins in e-commerce. This is now established beyond doubt. Amazon ecomm has been around for 3 decades now , has reached global scale and is still hardly seeing profits. This is only the begining, retail and commerce media is exploding. It is expected to surpass social media ad spends in the next decade. Every firm is an ads platform now.
If there's no margin then why tf does it even exist? Amazon is still understandable, they have AWS to pay for it. Why tf are others becoming ad platforms?
To justify that 10bn valuation, firms need 30% + margin. Not every firm can be a SaaS firm, so the next best bet is to sell ads. Uber made more cash flow and profit in ads last year than it's entire ride hailing+ food delivery business worldwide. That's right, Uber made 1 billion dollars from ads !
sheer stupidity. ctrl c + ctrl v time pass by qc companies.