It's not that they can't be profitable. It's more along the lines that they are re-investing all of their profits to grow the business. The market Twilio is in

It's not that they can't be profitable. It's more along the lines that they are re-investing all of their profits to grow the business. The market Twilio is in has plenty of room to grow and Twilio has to aggressively capture it or else someone else will. If they wanted to become profitable, they can. They're just spending a lot to continue to double every year.