“how do you make money doing this? The answer is simple: Volume”
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> All the time our customers ask us - how do you make money doing this? The answer is simple: Volume this video
First CityWide Change Bank 2 - Saturday Night Live
282K views · Sep 27, 2013 · 1:39 · 0 HN recommenders · 5 mentions · discussed 2022–2024
A 1988 Saturday Night Live fake commercial for a bank that keeps your pocket change and claims to make money on volume.
Why Hacker News points people here: HN uses it as a joke reference whenever a business loses money per transaction and says it will make it up in volume.
What Hacker News said 5
“how do you make money doing this? The answer is simple. Volume.”
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"All the time our customers ask us: how do you make money doing this? The answer is simple. Volume." this video
“The ridiculous part is that the link below was a parody when created.”
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>The only issue is that companies like Uber are lying to themselves and their investors that costs will go down significantly in the future. Both through scale and advances in technology. Which is true. But rarely true to the extent to which they believe it. Uber and other folks who sell whatever it is they sell at a loss -- with no real expectation (other than driving their competition out of business so they can then hike prices well beyond where those who can actually make a profit charge) always reminds me of this[0]. The ridiculous part is that the link below was a parody when created. Now it's a "business model." Sigh. [0] this video
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First CityWide Change Bank 1 - Saturday Night Live: link First CityWide Change Bank 2 - Saturday Night Live: this video
“They take a loss from every transaction and make up for it with volume.”
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> They take a loss from every transaction and make up for it with volume. /s this video (First CityWide Change Bank 2 - Saturday Night Live)