alt Hacker NewsThen why haven't they reported any profits using GAAP (generally accepted accounting principles)? They all use ARR which is easily gamed.
Replies
npn • yesterday at 9:25 PM
I don't really sure, but might be they count hardware purchase as loss, too.
Google has just recently upgraded their TPUs.
They aren't profitable on a GAAP basis and no one claims this. This obsession over profits is misguided. These are hyper growth companies growing at a scale never seen before. It is both deliberate and uncontroversial to invest in growth rather than slowing down to produce profits.