at $156B market cap someone sure is making money.
I've no say in the manner in which they ran/run their business but judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
thank for your lovely ad-homenim and downvote. truely a thoughtful intellectual debate on the merits of the premise.
> at $156B market cap someone sure is making money.
So 50x Pets.com or 2x Enron.
> judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
Disagree. Unit economics matter and can help you cut through a lot of hype and nonsense. "Where's the money coming from?" is always a good question to ask. Sure, sometimes a megacorp loses money on each transaction and makes it up on float or whatever, but that's at least worth knowing if that's what's going on.