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26-12-2022, 11:09 AM
I dont understand why he would lash out against bytedance. It is operating at negative margins. Yes, with scale, it may reap operating leverage, but to turn around a negative -8% net margin is difficult
https://musically.com/2022/10/07/bytedan...inancials/
On one hand he complains against market share grab fighting Alibaba/Huawei; on the other he wants market share grab fighting bytedance. My preference for any company executive is to do your job, operate at the lowest positive net margin, no doubt a larger competitor may exist operating at negative margins but eventually they would collapse. Does Singapore have an example of this which has run towards the end of its fairy tale? The answer is yes- The story of Yongnam and TTJ
TTJ was the much smaller company in the same steel space as Yongnam. Yongnam was the larger, always obtaining the well known construction projects in Singapore, undercutting rivals and operating at negative margins. It took 15 years of this management stupidity until Yongnam is on the brink of financial collapse with share prices cratering 97%.
https://musically.com/2022/10/07/bytedan...inancials/
On one hand he complains against market share grab fighting Alibaba/Huawei; on the other he wants market share grab fighting bytedance. My preference for any company executive is to do your job, operate at the lowest positive net margin, no doubt a larger competitor may exist operating at negative margins but eventually they would collapse. Does Singapore have an example of this which has run towards the end of its fairy tale? The answer is yes- The story of Yongnam and TTJ
TTJ was the much smaller company in the same steel space as Yongnam. Yongnam was the larger, always obtaining the well known construction projects in Singapore, undercutting rivals and operating at negative margins. It took 15 years of this management stupidity until Yongnam is on the brink of financial collapse with share prices cratering 97%.