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Just 8%? The company is valued at $9.5b and is burning almost $1b a year... For every $1 they do in revenue they're currently losing about $0.66.

I've been expecting this for sometime and I'm guessing they'll be forced to cut more.

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That sounds a lot like profit, no?

Maybe I misunderstood, but I took that to mean expenses are $1.66 for every $1 of revenue

No lol, I don't mean for every $1 they do in revenue they have $0.66 in costs, I mean for every $1 they do in revenue they're spending $1.66 and losing $0.66.

These kind of numbers might be okay if they were a new startup growing sales 100%+ YoY, but they've been around since 2005 and have a mediocre growth rate of about 25-30%. There's just no excuse for this level of mismanagement.

I see, thanks for the clarification.

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