By Tony DeLorger © 2015
It always amazes me how fundamentally ignorant people are when it comes to business. Bubblews is certainly no exception. The business model they constructed looked great on paper, I'm sure, but when it came to the most basic and essential information about advertising revenue and their subsequent budgets and sales targets, they over-estimated to the realm of the ridiculous. How the hell can you start up a business, and invest huge amounts of money based on wrong information. Even with a business plan you need to know how much money you can earn and the cost of creating the product. So why did it all fall to bits?
I suspect they all had the technical side down, and marketing and a broad view of what they wanted. What was missing was business savvy, and pie-eyed dreams lost within the complexities of ignorance. But in order to save themselves, they did what any fraudulent business does, try to save themselves and hang all those who tried to support them. I dare say there is probably more than half a million dollars owed to bubblers, and a mere pittance will ever be paid, even at the end of exhaustive and prolonged class actions. No doubt being a company with paid up capital, the directors will get off scot free, and maybe have already tried to syphon off money personally, before the shit hit the fan. In any case they may be bankrupted and won't be able to do it again any time soon. But it's a bitter pill to swallow, being so disrespected and abused by a business that utterly depended on we writers for revenue.
Bubblews actions over the last few months have be reprehensible, not to overlook the illegality. They have been secretive, underhanded and thoroughly devious in their actions and statements, in a last ditch attempt at saving their own asses. Their blatant disregard for the law is a testament to their lack of business acumen and also their moral sensibilities. I am thoroughly appalled by their behaviour and have accustomed myself to the financial loss, and loss of a great and supportive community, that have unfairly been abused by this business.
SHAME, SHAME, SHAME!
It always amazes me how fundamentally ignorant people are when it comes to business. Bubblews is certainly no exception. The business model they constructed looked great on paper, I'm sure, but when it came to the most basic and essential information about advertising revenue and their subsequent budgets and sales targets, they over-estimated to the realm of the ridiculous. How the hell can you start up a business, and invest huge amounts of money based on wrong information. Even with a business plan you need to know how much money you can earn and the cost of creating the product. So why did it all fall to bits?
I suspect they all had the technical side down, and marketing and a broad view of what they wanted. What was missing was business savvy, and pie-eyed dreams lost within the complexities of ignorance. But in order to save themselves, they did what any fraudulent business does, try to save themselves and hang all those who tried to support them. I dare say there is probably more than half a million dollars owed to bubblers, and a mere pittance will ever be paid, even at the end of exhaustive and prolonged class actions. No doubt being a company with paid up capital, the directors will get off scot free, and maybe have already tried to syphon off money personally, before the shit hit the fan. In any case they may be bankrupted and won't be able to do it again any time soon. But it's a bitter pill to swallow, being so disrespected and abused by a business that utterly depended on we writers for revenue.
Bubblews actions over the last few months have be reprehensible, not to overlook the illegality. They have been secretive, underhanded and thoroughly devious in their actions and statements, in a last ditch attempt at saving their own asses. Their blatant disregard for the law is a testament to their lack of business acumen and also their moral sensibilities. I am thoroughly appalled by their behaviour and have accustomed myself to the financial loss, and loss of a great and supportive community, that have unfairly been abused by this business.
SHAME, SHAME, SHAME!
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