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No, it doesn't matter when you're paying $1B. Why would it? Tech companies don't care about profits. It's easy to become profitable - tech margins are obnoxious
by bobxmax 1y ago
No, it doesn't matter when you're paying $1B. Why would it? Tech companies don't care about profits. It's easy to become profitable - tech margins are obnoxiously high. They're bought and valued for their ability to scale and rapidly absorb market share.
- dan_goosewin 1y agoFair point. I submit that I'm probably overestimating how much profitability matters here. I've been hearing that Neon is burning through cash pretty aggressively, which raised eyebrows for me. But you're right: high margins and scalability mean profits can be deferred.