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Posts: 150
In response to
"
You’d think a web-based magazine would be the type of business with no need of a PPP loan though -- nm
"
by
Roger More
Why? -- nm
Posted by
Ender (aka Ender)
Aug 26 '22, 19:02
(No message)
Responses:
It’s subscription based so you’d generally expect revenues not to take a drastic hit and they can maintain their business model without a big physical
-
Roger More
Aug 26, 19:06
6
They have a "premium subscription" for $4 a month, but those can be easily canceled during bad economies and I'd wager the vast majority of there...
-
Ender
Aug 26, 19:11
5
Fair point on advertising -- nm
-
Roger More
Aug 26, 19:25
And ppp loans were designed to offset staff costs, not the costs of physical locations and they have the same staff costs of every other media outlet. -- nm
-
Ender
Aug 26, 19:13
3
I hear your point, but if your grift is to say that big government sucks, you shouldn't be saying, "Sure, I'll take $300k from Big Daddy Government." -- nm
-
David
Aug 26, 19:32
1
Up arrow up arrow up arrow. -- nm
-
Kellyanne Scrabblestats
Aug 26, 19:56
Yes, a loan to help businesses retain employees when they can't maintain staffing costs after revenues have slumped.
-
Roger More
Aug 26, 19:25
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