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Originally Posted by fjtorres
It's how Google works and it's how Tesla works.
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Google makes almost all of its income from ads, and they are desperate to find another source of revenue.
Tesla is a new company that hasn't necessarily earned much profit, and doesn't have a huge gas-oriented infrastructure to manage.
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Originally Posted by fjtorres
It's how big companies nurture new lines of business; how Microsoft built XBOX, Apple the iOS boxes, McDonalds their coffee business.
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Microsoft can't afford to stop making Office and Windows while it developed the Xbox (a process that took years and tremendous amounts of money).
Apple can't afford to stop making desktops and laptops, even though most of their revenue comes now from iPhones.
McDonald's cant afford to stop serving burgers and fries because they added coffee to their lineup.
None of these businesses
required them to abandon their previous sources of revenue.
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Originally Posted by fjtorres
The only companies that don't do that these days are the old, fading ones. 'Cause that is how they get to be old fading and companies: by doing what they always did, by focusing on the past instead of the future.
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Yes, standing still can sweep up almost any company these days.
But the fact is that 9 times out of 10, a company simply cannot afford to sacrifice existing revenue streams or dump expensive infrastructure overnight.