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They do, but the accounting rules change based on context. They will file an S1 today outlining how they are rolling in profits then, come tax time, suddenly th
by sandworm101 2mo ago
They do, but the accounting rules change based on context. They will file an S1 today outlining how they are rolling in profits then, come tax time, suddenly they are hemorrhaging money. Flesh-and-blood investors have lost all trust in financial filings. See SpaceX.
- budsniffer952 2mo agoYou think Elon Musk fans were reading the financials??? The financials were always bad. Everyone with half a brain avoided the IPO. Did you?
- sandworm101 2mo agoExactly. The financial filings don't matter. Even the people that read them immediately dismiss them.