3 ms·

It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.

• phreeza 3y ago
  And from there a lot of it presumably has flowed into cloud and advertising spend.
  • mrguyorama 3y ago
    Which basically means most of it went into rents paid to SV land holders.
• fullshark 3y ago
  A lot of startup employees got paid...a lot of customers got to enjoy below market prices in the quest for growth for a few years...
• ninth_ant 3y ago
  That’s what “loss” means. They gave it away and didn’t get it back. What else would it mean in this context?
  • disordinary 3y ago
    That's not a loss, that's an investment in an asset. It's a loss because the assets have devalued.
• snapcaster 3y ago
  Come on man seriously. I KNOW you know what "loss" means in this context. Please stop
  • akomtu 3y ago
    Loss for some is gain for others. SBV could be a charity disguised as a predatory trust fund.