Doesn't seem to add up. Google, Amazon, and Facebook are just 3 examples of companies that give no shits about what public investors think and will spend money on the business.
I think Amazon is bit special as Jeff Bezos was one-of-a-kind that can continue letting Amazon losing money until recently and public investors were OK to keep putting money on them.
As for Google, Facebook, I don't think they are relevant because they were already dominating the market. Most businesses out there aren't in that position, and certainly not In-N-Out.