can you clarify what you mean by in the red? presumably a lot of their expenses are related to R&D and marketing, which once cut would probably leave a profitable company.
Indeed, much of their expenses are for trying to grow as fast as possible, and cutting those could leave the potential for profit - but the entire premise of companies like this is that the potential earnings are unknown (but presumably high), thus they need to throw everything they have at it until they can find the kind of monetization they're looking for. I don't see it happening.