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theodewere@kbin.social ⁨1⁩ ⁨year⁩ ago

of at least equal concern is whether the business is profitable, and it is probably shedding billions.. he had forecasted revenues of around $12 billion by now, but they just reported $1.6 billion (which is up from $0.23 or so, which is horrific given the projections).. this is because that $12 billion revenue projection was also projecting costs of $7 billion.. their costs are not likely lower than projections, just because.. and their user growth is anemic.. that bump in revenue might have been a windfall from sales in Ukraine or to the US government..

the business is a financial hole

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