It also operated under an enforced government mandate to provide an unprofitable rural air service that only worsened its financial condition.

ECONOMIST: Letters

Instead of requiring that franchisees build out to an entire franchise area which often makes both new entry and service upgrades unprofitable remove build-out requirements and craft smart subsidies to encourage competition to deliver high-quality universal service, and to deliver superfast broadband to the customers who want it.

FORBES: Co-authored with Berin Szoka.

But as popular as Tumblr has become, the service remains unprofitable.

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