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Of course!
Posted by Dave Bull on December 21, 2022 [Permalink]
Sequence of events:
- Dave and his team spend months working on spreadsheets, trying to work out the best formula for the prices of our subscriptions for 2023.
- Yesterday, they finally come to a decision on what to do - they decide to 'hold the prices' at last year's level.
- Late that evening, down in the shop - transformed into a 'studio' - Dave records the year-end update video, including an announcement of the pricing policy
- He wakes up the next morning to this:
For those who aren't too familiar with exchange rates, the change meant a strengthening of the Japanese yen, and a large reduction in the amount we will receive from overseas subscribers. From a news report: "The yen’s rally saw the currency notch the biggest single-day gain against the U.S. dollar since March 1995 (27 years, eight months, 20 days) ..."
The story is much longer than this one episode, of course, and we'll blog about this a bit later - with a wider point of view ...
But for now ... sheesh!
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