172
submitted 9 months ago by ZeroCool@slrpnk.net to c/reddit@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] lung@lemmy.world 10 points 9 months ago

Ah it's one of these things that they probably could be profitable, and certainly their almost billion in sales per year is healthy

It's worth remembering that corps pay no taxes if they spend more than they earn. VCs will often be happy to cover that shortfall with the idea of a big sale later. So nobody pays taxes and then eventually they sell or IPO for big bucks and roll that into more investments. The economy keeps on pumping

this post was submitted on 24 Feb 2024
172 points (98.3% liked)

Reddit

13435 readers
2 users here now

founded 5 years ago
MODERATORS