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Was HashiCorp ever profitable since its IPO? From here, it says no: https://stockanalysis.com/stocks/hcp/financials/ https://stockanalysis.com/stocks/hcp/finan
by throwaway2037 2y ago
Was HashiCorp ever profitable since its IPO? From here, it says no: https://stockanalysis.com/stocks/hcp/financials/ https://stockanalysis.com/stocks/hcp/financials/
If never profitable (or terrible return on equity), why would you call the layoffs "arbitrary"? It seems pretty reasonable to me.
- bobloblaw22 2y agoWhy hire people in the first place if you aren't profitable? Seems pretty irresponsible to me. Or have the rules changed?
- jmclnx 2y agoYes the rules have changed, seems the idea is to get big fast increasing revenue without regard to profits, and eventually have a great IPO, then one of the following: 1. hope you can sucker someone into buying the company 2. keep the VC $ flowing and continue growing, then loop to # 1 3. worse case, need to start making a profit and hope you can survive until # 1. If #1 does not happen, pray(?). During this time, the founders are pulling in a great salary.
- throwaway2037 2y agoFollowing your logic from the other side: Why apply for (and later accept) a job at a company that is consistently unprofitable?