alt Hacker NewsWhen you announce 639m USD revenue for q1 Then lay off a thousand people because you love the smell of your ai farts.
Replies
tick_tock_tick • yesterday at 10:47 PM
Are you trolling or just trying to avoid saying they didn't make any money and actually lost over $20 million?
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nine_k • yesterday at 9:00 PM
Revenue != profit.
nlitened • yesterday at 9:11 PM
Thousand people cost 60m USD of quarterly _profit_ though (not even revenue)
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Yes, their revenue was $639m but their expenses were $702m.
It doesn't matter how much revenue you have if you are spending more than that.