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Profit at the purest level is a reflection of value created. Yes there's a whole bunch of financial engeering to create "losses" for tax reasons etc. but ultim
by KoolKat23 1y ago
Profit at the purest level is a reflection of value created.
Yes there's a whole bunch of financial engeering to create "losses" for tax reasons etc. but ultimately value added is profit.
- tombert 1y agoI don’t think it’s all artificial. I think a lot of startups operate at huge losses of VC money because they have an interesting enough idea and they hope to find a way of making profits eventually, and they never do. I think this can be said about nearly every Blockchain startup, for example.
- KoolKat23 1y agoWell this is it they're net detractors to value add in society, i.e. making losses. There might be a chance that their value is not recognised correctly, but on the whole they consume more value than they produce. Obviously this is purely day to day operational expenditure not capital expenditure.