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OK imagine you have $500 million in revenue and $154 million in losses. That means you've been selling $1.00 for 70 cents. Not sustainable. If their customers
by 300bps 3y ago
OK imagine you have $500 million in revenue and $154 million in losses.
That means you've been selling $1.00 for 70 cents.
Not sustainable. If their customers don't like what they're doing, it's not surprising. Because anyone buying $1.00 for 70 cents is going to be angry when it ends.
If their developers don't like what they're doing, it's not surprising. Anyone benefiting from a company paying them more than they can afford is going to be angry when it ends.