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Does this mean they are bleeding money? Why would they need such a huge infusion other than if they have run out of cash? Well, I don't know. In other words, I
by dmazin 15y ago
Does this mean they are bleeding money? Why would they need such a huge infusion other than if they have run out of cash?
Well, I don't know.
In other words, I think the claim that they
are spending the money to "aggressively innovate" is PR bullshit. They need the money to pay their immense infrastructure bills because their revenue stream so far has been too feeble.
- tomjen3 15y agoMaybe they want to hire a lot of salespeople to sell ads directly? (unlikely, 800 mil buys, what about 1200 senior sales people? they can't need that many). Maybe they are trying to license some technology (unlikely, what licence cost that much?). Most likely they are trying to get some cash to buy a company they need.