Also during the crypto craze: Set up an exchange and charge a small commission on transactions
this post was submitted on 28 Aug 2024
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In the stock market, there are groups called market makers, that actually buy and sell the stock. They are required to buy and sell, but they maintain price neutral positions and collect a margin on each sale.
LLM/AI: also GPUs.
I was thinking that, but figured I'd go for input data instead for the sake of variation.
Can't sell something they can easily steal and get away with it.
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Delivery services and rideshares. People using them make meager wages, but the companies hosting them get all the benefit of people desperate for work or convenience.
Edit: in a similar vein, OnlyFans
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During a pandemic, sell sanitizer and toilet paper?
But most those guys were pretty much seen as assholes, so I don't know if this good advice or not.
Yeah, over here we have this former rich guy (he lost his fortune thinking he was better at picking stocks than he actually was.) He got lucky and made his fortune as an early investor in a cell phone company in 2000s, and after that he's basically become a serial grifter. His covid enterprise was to buy face masks in bulk, repackage them, and resell.
Well, he got hit with a huge fine: The face masks were only approved as long as they remained in their original packaging. Once he repackaged them, they were no longer considered sterile, and as such no longer approved for medical use => false advertising
What a collosal moron
The toilet paper thing was mostly a result of mass hysteria, not an actual issue of supply and demand. There were some supply issues in Australia IIRC, but most countries would absolutely not have had any toilet paper shortages if people hadn't all panic-bought far more than they needed
I wonder if all of the ones hoarding toilet paper have managed to use up their stash yet.
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