Billions of long-term users for the most important technology in human history isn't a premise of fake cash in a circular economy.
You might as well pretend there's no money in search or social media.
1999. That Google, it has no serious business model, it'll never make real money. Hello GoTo.
2006. That Facebook, it has no serious business model, it'll never make real money.
One more: 2020. That Uber, I could clone an MVP and kill them over the weekend if I really wanted to. That's a side project at best. They're bleeding to death anyway, losing money hand over fist, they'll never make it. They have no moat at all.
Same as our OpenAI friends, who founded a non-profit because one company (Google) holding AGI would be dangerous for humanity. Turns out it's only dangerous when it's somebody else's company. When it's yours, it changes things slightly.
Eh. You’d have to clarify that. Google get started because other search engines at the time sucked. I had a soft spot for Ask Jeeves, but it was clear Google was better.
Advertising is the monetizing strategy from early on. AdWords came to be in 2000. Nothing fuzzy about that.