alt Hacker NewsIf your shop is unprofitable for years with no chance to recoup any of the costs, you close it, as your investments run out, and investors and banks stop giving you money as you keep losing them.
US tech companies just continue operating because "revenue and growth".
Replies
cindyllm • yesterday at 11:00 AM
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> US tech companies just continue operating because "revenue and growth".
US tech companies are some of the most profitable business in history.
Google made over $130B profit last year, Meta 60B.
I'm old enough to have had exactly the same arguments (on Slashdot for Google, here for FB) for both before their IPOs.
It's a uninformed argument and people should know better.