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Probably not really losing money, depends on the cost of bandwidth. Since CF has purchased tons of pipes, it doesn't cost them that much to feed slightly more t
by mayli 5y ago
Probably not really losing money, depends on the cost of bandwidth. Since CF has purchased tons of pipes, it doesn't cost them that much to feed slightly more traffic into it.
- maxk42 5y agoI'm not really worried about the cost of traffic. According to their latest 10-Q [0] they earned 152 million and spent 187 million for a net loss of 35 million. About 76 million of that (40.6%) went to sales, so they're certainly not spending it on the pipes. But despite a large increase in sales spending they're less profitable than they were during the same period a year earlier. They're losing $1.23 for every dollar they earn. [0] https://www.sec.gov/ix?doc=/Archives/edgar/data/1477333/000147733321000036/cloud-20210630.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/1477333/0001...