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Maybe not, but please don't post unsubstantive comments here.

Just what is your definition of substantive?

No idea. How about: containing non-obvious information or thoughts.

They made $265MM dollars last quarter, up from $178MM same time last year. That’s on $711MM of revenue.

have they produced more profit than all their previous losses, yet?

i don't think a2tech is wrong until that has happened.

How would you calculate that? With market rate interest? Standard rate of inflation?

It's not a metric people look for when valuing companies.

Is this how companies are typically valued?

Not exactly, but if those previous losses were financed by investors, then it could point to difficulty for investors to get a return in the future.

Makes me wonder what exactly are they spending $2B on per year?

I think it's mostly sales and marketing.

If only they could charge users for using their platform rather than relying on surveillance advertising.

Which social networks have successfully relied on subscription revenue?

Reddit is the only one I know of that has tried a subscription model (Reddit Gold) and AFAIK that did not work out very well for them.

E-mail.

E-mail: Which is the duct-tape of the Internet and not really a social network.