1. This was basically a scenario of 'leave that computer turned on, and people will keep sending us money.' (I know it's never quite as simple as that, but it was as close to it as it ever gets.) What's the return on capital of that, expressed as an APR? I would expect it to be far higher than anything else ever gets in the real world.
2. What, exactly, might the something else be? If this was four decades ago when there were so many opportunities that interest rates were in double digits, maybe I could buy it, but now? What else could they possibly be spending the capital on, that would generate a higher return?
3. Speaking of interest rates, they are currently practically zero, and the world is awash in capital looking for good investment opportunities. If they really had a better opportunity than leaving an already developed and proven successful game running, they should have no difficulty laying hands on capital with which to exploit that opportunity.
So I still don't see any way it makes sense. What am I still missing?
1. This was basically a scenario of 'leave that computer turned on, and people will keep sending us money.' (I know it's never quite as simple as that, but it was as close to it as it ever gets.) What's the return on capital of that, expressed as an APR? I would expect it to be far higher than anything else ever gets in the real world.
2. What, exactly, might the something else be? If this was four decades ago when there were so many opportunities that interest rates were in double digits, maybe I could buy it, but now? What else could they possibly be spending the capital on, that would generate a higher return?
3. Speaking of interest rates, they are currently practically zero, and the world is awash in capital looking for good investment opportunities. If they really had a better opportunity than leaving an already developed and proven successful game running, they should have no difficulty laying hands on capital with which to exploit that opportunity.
So I still don't see any way it makes sense. What am I still missing?