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I mean that they (still) aren't making any money. The reports of Q1 profits this year are with a criticized, adjusted scale. When measuring with GAAP, as comp
by edgyswingset 12y ago
I mean that they (still) aren't making any money. The reports of Q1 profits this year are with a criticized, adjusted scale. When measuring with GAAP, as companies have been traditionally measured, they still posted a loss.
Indeed, much of their expenses are for trying to grow as fast as possible, and cutting those could leave the potential for profit - but the entire premise of companies like this is that the potential earnings are unknown (but presumably high), thus they need to throw everything they have at it until they can find the kind of monetization they're looking for. I don't see it happening.