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I don't understand how their cash burn rate is so high that a billion in revenue isn't enough to stay in the black. What are they spending so much money on?
by Sakos 3y ago
I don't understand how their cash burn rate is so high that a billion in revenue isn't enough to stay in the black. What are they spending so much money on?
- ekianjo 3y agoMarketing and sales costs have increased tremendously
- timmytokyo 3y agoThey've been on a hiring spree, with a ~50% annual growth rate for the past several years [1]. [1] https://stockanalysis.com/stocks/u/employees/ https://stockanalysis.com/stocks/u/employees/