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They are all have very positive cash flow, so it is unlikely they will be cutting significant amount of fat.
by riku_iki 4y ago
They are all have very positive cash flow, so it is unlikely they will be cutting significant amount of fat.
- unicornmama 4y agoThey are not valued on a binary positive or negative cashfows. They are valued at NPV of future cashflows. You can justify a high burn rate with the expectation of earnings in the distant future. But as inflation/rfr goes up then then investors value money today more and more and money in the future less and less.